Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Our platform provides a seamless experience for finding reliable answers from a knowledgeable network of professionals. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.
Sagot :
Answer:
Dr Cash a/c Cr
Purchases(a) $1,500
Purchases(b) $2,975
Dr Purchases a/c Cr
Cash(a) $1,500
Cash(b) $2,975
The above are the entries in the Cash and Purchases accounts.
The purchases are credited to the cash account and debited to the purchases.
b. Merchandise = 3,500 * ( 1 - 15% discount)
= $2,975
Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.