Eastern Trading Co purchases $350,000 of merchandise with credit terms of 2/10, n60 on March 4th, 2020 and shipping terms FOB Destination from Sohail LLC How will Sohail LLC record the above...


Eastern Trading Co purchases $350,000 of merchandise with credit terms of 2/10, n60 on March 4th, 2020 and shipping terms FOB Destination from<br>Sohail LLC How will Sohail LLC record the above transaction on March, 4th, 2020?<br>Dr Trade Receivables $350,000 Cr Sales $350,000<br>Dr Cash $350,000 Cr Sales $350,000<br>Dr Purchases $350,000 Cr Cash $350,000<br>Dr Trade Payables $ 350,000 Cr Cash $350,000<br>

Extracted text: Eastern Trading Co purchases $350,000 of merchandise with credit terms of 2/10, n60 on March 4th, 2020 and shipping terms FOB Destination from Sohail LLC How will Sohail LLC record the above transaction on March, 4th, 2020? Dr Trade Receivables $350,000 Cr Sales $350,000 Dr Cash $350,000 Cr Sales $350,000 Dr Purchases $350,000 Cr Cash $350,000 Dr Trade Payables $ 350,000 Cr Cash $350,000

Jun 09, 2022
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