On October 1,Oak Company purchased $12,000 of merchandise from City Seed Company,terms 2/10,n/30,and prepared voucher #222.Cottonwood paid the invoice on October 15.
Required: Prepare journal entries to record the above transactions.Assume Oak uses the net approach method for recording purchases.

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The Answer of On October 1,Oak Company purchased $12,000 of merchandise from City Seed Company,terms 2/10,n/30,and prepared voucher #222.Cottonwood paid the invoice on October 15.
Required: Prepare journal entries to record the above transactions.Assume Oak uses the net approach method for recording purchases.

On October 1,Oak Company Purchased $12,000 of Merchandise from City