E#5 . Protected View . File Home Insert Page Layout Formulas Data Review View He

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E#5 . Protected View . File Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do O PROTECTED VIEW Be careful files from the Internet can contain viruses Unless you need to edit ir's safer to stay in Protected View. Enable Editr 19 Journal Entry Assignment #5 Due: March 26 On July 7, it A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. returned $200 worth of merchandise. On July 28, it paid the full amount due. Record the journal entries associated with these three transactions. General Journal

Explanation / Answer

Journal entry :

Item Description Post ref Debit credit July 5 Merchandise inventory 1800      Account payable 1800 (To record merchandise purchase) July 7 Account payable 200      Merchandise inventory 200 (To record goods return) July 28 Account payable 1600      Cash 1600 (TO record amount paid)

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