Recording purchases at net amounts. Dill Co. records purchases at net amounts and uses periodic inventories....

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Recording purchases at net amounts. Dill Co. records purchases at net amounts and uses periodic inventories. Prepare entries

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Answer 1

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Date		Account titles and explanation	Debit(in $)	Credit(in $)
	Jun-11	Merchandise Inventory	9000
		Accounts Payable		9000

	Jun-15	Accounts Payable	500
		Merchandise Inventory		500

	Jun-30	No entry

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Recording purchases at net amounts. Dill Co. records purchases at net amounts and uses periodic inventories....

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