How would you give a journal on july 24


Goods costing $2000 are purchased on account on July 15 with credit terms of 2/10,n/30. On July 18 a $200 credit memo is recieved from the supplier for damaged goods. How would you give a journal 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: How would you give a journal on july 24
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