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November 5 Purchased 1,450 units of product at a cost of $40 per unit. Terms of the sale are 3/10, n/60; the
invoice is dated November 5.
November 7 Returned 30 defective units from the November 5 purchase and received full credit.
November 15 Paid the amount due from the November 5 purchase, minus the return on November 7.
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Journal entry worksheet
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Purchased 1,450 units of product at a cost of $40 per unit. Terms of the sale.
are 3/10, n/60; the invoice is dated November 5.
Note: Enter debits before credits.
Date
Nov 05 Merchandise inventory
Accounts payable
General Journal
Debit
6,000
Credit
1,450