Give the journal entry on july 24 to record payment of the, Ask an Expert

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Goods costing $2,000 are purchased on account on July 15 with credit terms of 2/10, n/30. On July 18 a $200 credit memo is received from the supplier for damaged goods. Give the journal entry on July 24 to record payment of the balance due within the discount period using a perpetual inventory system.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9444897

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