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Nov. 7, 2015 Lamont Enterprises purchases $11,400 of merchandise from Christopher Co. and receives an invoice with terms 2/10, net 30. Nov. 10, 2015 Lamont Enterprises returns $3,200 of merchandise due to an error in shipment and issues a debit memorandum. Nov. 17, 2015 Lamont Enterprises pays the amount due to Christopher Co. from the purchase on Nov. 7 less the returned items on Nov. 10. Nov. 7, 2015 Lamont Enterprises purchases $11,400 of merchandise from Christopher Co. and receives an invoice with terms 2/10, net 30. Nov. 10, 2015 Lamont Enterprises returns $3,200 of merchandise due to an error in shipment and issues a debit memorandum. Nov. 17, 2015 Lamont Enterprises pays the amount due to Christopher Co. from the purchase on Nov. 7 less the returned items on Nov. 10.

Journalize the November purchase transactions for Lamont Enterprises.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92770177

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