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The balance of Cash Short and Over
supplies account.
opposite the normal balances of their related accounts.
$980
can be either a debit or a credit.
"two ten, net thirty"
a cost account.
a check.
decrease the amount of purchases.
If merchandise is purchased for $1000 on July 1, with terms of 2/10, n/30, what is the amount due on July 9th?
supplies account.
opposite the normal balances of their related accounts.
$980
can be either a debit or a credit.
"two ten, net thirty"
a cost account.
a check.
decrease the amount of purchases.
The terms 2/10, n/30 is read as
supplies account.
opposite the normal balances of their related accounts.
$980
can be either a debit or a credit.
"two ten, net thirty"
a cost account.
a check.
decrease the amount of purchases.
The purchases account is classified as
supplies account.
opposite the normal balances of their related accounts.
$980
can be either a debit or a credit.
"two ten, net thirty"
a cost account.
a check.
decrease the amount of purchases.
Purchases returns and allowances
supplies account.
opposite the normal balances of their related accounts.
$980
can be either a debit or a credit.
"two ten, net thirty"
a cost account.
a check.
decrease the amount of purchases.
Supplies bought for use in a business are recorded in the
supplies account.
opposite the normal balances of their related accounts.
$980
can be either a debit or a credit.
"two ten, net thirty"
a cost account.
a check.
decrease the amount of purchases.
The source document for a cash purchase is
supplies account.
opposite the normal balances of their related accounts.
$980
can be either a debit or a credit.
"two ten, net thirty"
a cost account.
a check.
decrease the amount of purchases.
Since contra accounts are offsets to their related accounts, contra accounts normal balances are
supplies account.
opposite the normal balances of their related accounts.
$980
can be either a debit or a credit.
"two ten, net thirty"
a cost account.
a check.
decrease the amount of purchases.
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