With the given transaction, prepare a journal entries of Torre Company on June 17 and 24. Thank you! 1) Assume the term is FOB Shipping point, prepare the journal entries of Torre Company on June 17and 24.DateParticularsDebitCreditJune 24 On June 16, 2020, Alegado Company sold merchandise to Torre Company for P6,000, tèrms2/10, n/30. Shipping costs were P600 which paid by Torre on June 17. Torre received the goods andAlegado invoiced on June 17. On June 24, Torre sent the payment to Alegado which he received onJune 25, 2020.

Solution:- journal entries in the books of Torre company as follows under:- Introduction:- Journal…

Answered: prepare a journal entries of Torre…

Business

Accounting

prepare a journal entries of Torre Company on June 17 and 24. Thank y

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 13Q: If a customer purchased merchandise in the amount of $340, terms 3/10, n/30, returned $70 of the...

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