Beco which uses the perpetual method records merchandise
BeCo, which uses the perpetual method, records merchandise purchases at gross. On October 3, BeCo buys $42,000 of merchandise on account. Terms are 2/10,n/40. On October 11, BeCo pays $31,360. What journal entry does BeCo record on October 11?
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moco begins operations in april uses the perpetual method and records merchandise at net moco makes two purchases on
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