On October 10, Nikle Company purchased supplies for $1,800 on account. On October 25, Nikle Company paid the invoice.
(a) Provide the journal entry for the purchase on account.
(b) Provide the journal entry for the payment of the invoice.

Question

On October 10, Nikle Company purchased supplies for $1,800 on account. On October 25, Nikle Company paid the invoice.
(a) Provide the journal entry for the purchase on account.​
(b) Provide the journal entry for the payment of the invoice.

Quizplus · Accepted Answer

The Answer of On October 10, Nikle Company purchased supplies for $1,800 on account. On October 25, Nikle Company paid the invoice.
(a) Provide the journal entry for the purchase on account.​
(b) Provide the journal entry for the payment of the invoice.

On October 10, Nikle Company Purchased Supplies for $1,800 on Account