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0 Requirements 1. Journalize these transactions on the books of Tucker's Furnishings, assuming the "net" method is used. 2. Journalize these transactions on the books of P and M Furniture Warehouse, assuming the "net" method is used. Print Done Jul 18: Tucker's Furnishings paid $1,500 of the July 4 invoice less the discount. Journal Entry Accounts Date Debit Credit Jul Jul 31: Tucker's Furnishings paid the remaining amount owed on the July 4 invoice. Journal Entry Accounts Date Debit Credit Jul

Answer 1

Journal Entry

Date	Particulars	Debit	Credit
July 18	Creditors a/c Dr	1500
	To Bank/Cash a/c		1500

Note- assuming that the whole amount of july 4 invoice has been paid on July 18. Therefore, no entry shall be passed on July 31