Which journal will a buyer who bought on credit enter his transaction ?
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Explanation:
Credit sales refer to a sale in which the amount owed will be paid at a later date. ...
The journal entries would be as follows: ...
Therefore, he would be able to enjoy a 2% discount on his credit purchase ...
Journal entries are the way we capture the activity of our business. ... The DEBITS are listed first and then the CREDITS. ... Since we previously purchased the supplies and are not buying any new ones
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Answer:
Purchases journal will a buyer who brought on credit enter his transaction.
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