INTEGRATED ENTERPRISE SYSTEMS COURSE:
Consider this scenario:
HappyHome is a factory specialized in manufacturing some ranges of home appliances. HappyHome is purchasing, on credit, some office supplies for its administrative staff. The total cost of these supplies is 3,500 USD
Record financial impacts of this purchase transaction.
THEN:
Now, consider a scenario in which our factory HappyHome, sells home appliances to three customers on credit for 5,000 USD; 3,000 USD and 5,500 USD respectively, and then receives payment at a later date.
Record financial impacts of this sale transaction.