RANE
  • RANE
which accounts should these 2 transaction to be recorded in? 1-Purchased inventory on credit from farhiya the business will receive a 5% discount if payment is made within 7 days AMOUNT= $5500 2-Paid the amount owing to farhiya and received the discount (an entry is also required for the GST adjustment)
Finance
  • Stacey Warren - Expert brainly.com
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SOLVED
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chestercat
  • chestercat
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
RANE
  • RANE
@FutureMathProfessor
RANE
  • RANE
can u pls pls again?
anonymous
  • anonymous
First when purchase is done on credit Purchases debit $5500 Fariya Credit $5500 and if payment is made within 7 days Purchases $5500 Discount received $275 Cash or bank $5225

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