Journal entry For June 22 What account is credited and debited? June 22 Accessor

Question

Journal entry For June 22

What account is credited and debited?

June 22

Accessories for resale were purchased from Larson Sports Equipment with a total net cost of $635.00. The merchandise was delivered by the vendor. Invoice Number: M3093. Vendor Number: 26950

Merchandise listed on the purchase invoice:

Stock Number

Item

Quantity

Net Cost Per Unit

M7000

CUSTOM RIDE PLATE

10

$52.00

N6050

CUSTOM DECAL KIT

10

Stock Number

Item

Quantity

Net Cost Per Unit

M7000

CUSTOM RIDE PLATE

10

$52.00

N6050

CUSTOM DECAL KIT

10

$11.50

Explanation / Answer

Ans)

DR CR Jun-22 Purchase A/c Dr 635 To Larson Sports Equipment 635 Being Accessories (Goods) purchased on Credit 10*52 520 10*11.50 115 Total 635

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