180k views
4 votes
The entry to record a purchase of $5,000 on account, terms of 2/10, n/30, would include a

2 Answers

5 votes

credit to Account Payable for $5,000


User Gatteo
by
7.0k points
4 votes

Calculate, from the following information accumulated by Bob​ Verna, the adjusted cash balance at the end of July.

Bank statement ending cash balance​ $6,000

General ledger cash balance ending​ 8,500

Bank monthly service charge 90

Deposits in transit​ 5,000

Outstanding cheques​ 3,000

NSF cheque returned with bank statement 410


User Colin Coghill
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.