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3 years ago

Information related to Riverbed Co. is presented below.

Business

1 answer:

Scrat [10]3 years ago

7 0

Answer:

April 5

Debit : Merchandise $36,000

Credit : Accounts Payable - Tamarisk Company $36,000

April 6

Debit : Accounts Payable - Tamarisk Company $920

Credit : Cash $920

April 7

Debit : Equipment $30,500

Credit : Accounts Payable $30,500

April 8

Debit : Accounts Payable - Tamarisk Company $4,200

Credit : Merchandise $4,200

April 15

Debit : Accounts Payable - Tamarisk Company $30,880

Credit : Discount received $926.40

Credit : Cash $29,954

Explanation:

Working for Journal on April 15

Balance = $36,000 - $920 - $4,200

= $30,880

Discount = $30,880 x 3%

= $926.40

Amount Paid = $30,880 - $926.40

= $29,954

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