On may 1 johnson corporation purchased inventory for 40000


On May 1, Johnson Corporation purchased inventory for $40,000 on credit. On May 15, Johnson sold inventory with a cost of $10,000 for $25,000 on credit.

Prepare journal entries to record these transactions.

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Financial Accounting: On may 1 johnson corporation purchased inventory for 40000
Reference No:- TGS01160587

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