The Town of Stenberg had the following transactions. Prepare journal entries to record them.
1) Placed a purchase order in the amount of $12,000 for supplies.
2) Unfortunately, some of the supplies ordered in Transaction 1 were backordered and could not be shipped. However, supplies that were expected to cost $8,000 were received along with an invoice of $7,900. The invoice was paid when received.
3) The remaining supplies that were ordered in Transaction 1 were received. The invoice in the amount of $4,000 was paid.

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The Answer of The Town of Stenberg had the following transactions. Prepare journal entries to record them.
1) Placed a purchase order in the amount of $12,000 for supplies.
2) Unfortunately, some of the supplies ordered in Transaction 1 were backordered and could not be shipped. However, supplies that were expected to cost $8,000 were received along with an invoice of $7,900. The invoice was paid when received.
3) The remaining supplies that were ordered in Transaction 1 were received. The invoice in the amount of $4,000 was paid.

The Town of Stenberg Had the Following Transactions