Question

ive been tweaking my answer to the question for over an hour now because i was completly sure this was right, but, apparently not. can someone tell me what im doing wrong?

Data Entry Journal/Ledgers/Statements Evaluations Administration Support Help Logout Daily JE Clear Screen Date Account Numbers and Titles Debit Credit Check Number: 30403 201 Accounts Payable 14268.80 Al G Rhythm 1150 Plume Street North San Juan, CA Date: 6/06 115 Merchandise Inventory 285 38 Pay to the Order of: Ketchum's $14,268.80 101 Cash Fourteen thousand two hundred sixty eight dollars and 80/100 City Bank of Bloomfield Port Invoice: K3009 112400501222212 10401 T11 Terms are 2/10, n/30, May 28th, Discount earned are credited to the Merchandise Inventory account (115). Verily Journal ) Verity Documents Posted Credit Memo Number Debit Memo Number Check Number Invoice Number Vendor Number

journalize the entry

Answer 1

Answer! - & In all my opinion You are abgsolutely Right there is nothing you are doing worng. Discount Calculation = $14268.80 × 2%. = $285-38 Cash to be paid = $14268:80 - $285-38 = $13983.42 Note: - as Cash is paid with to day of af transaction So 27. of discount is availed Entry! Account Payable ale To Marchandise Dr. $14268.80 Inventory at $285.38 To Bank all $13983.42 Note! - So, the Conclusion is I did'nt think are doing any thing worry but if you get there woning than may the be there is son Information which mission is Missing or you should have to post Credit Bank ou. as you are pooying through cheque.