. H. Powell operates a bookstore, and he asked you to prepare the invoices for each of the following transactions that took place in the month of October. 2021 October 10 October 15 Purchase invoice received from Kays Supplies for 20 Hardcover books at a price of $250 The invoice showed a trade discount of 20%. Sales invoice sent to ABC Book Store for 6 calculators at a price of $3 500 each. The invoice showed a deduction of a trade discount of 25%. NB: Create addresses for the supplier and the customer.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 3PB: Review the following transactions, and prepare any necessary journal entries for Sewing Masters Inc....
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H. Powell operates a bookstore, and he
asked you to prepare the invoices for each
of the
following transactions that took place
in the month of October.
2021
October
10
October
15
Purchase invoice
received from Kays
Supplies for 20
Hardcover books at a
price of $250 The invoice
showed a trade discount
of 20%.
Sales invoice sent to ABC
Book Store for 6
calculators at a price of
$3 500 each. The invoice
showed a deduction of a
trade discount of 25%.
NB: Create addresses for the supplier and
the customer.
Transcribed Image Text:H. Powell operates a bookstore, and he asked you to prepare the invoices for each of the following transactions that took place in the month of October. 2021 October 10 October 15 Purchase invoice received from Kays Supplies for 20 Hardcover books at a price of $250 The invoice showed a trade discount of 20%. Sales invoice sent to ABC Book Store for 6 calculators at a price of $3 500 each. The invoice showed a deduction of a trade discount of 25%. NB: Create addresses for the supplier and the customer.
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