Accounts Payable
On May 18, Stanton Electronics purchased, on credit, 1,000 TV sets for $400 each. Stanton plans to resell these TVs in its store. Stanton paid the supplier on June 30.
Required:
Prepare the necessary journal entry (or entries) on May 18 and June 30.
Accounting Information Systems
Financial & Managerial Accounting
Corporate Financial Accounting
Brief Principles of Macroeconomics (MindTap Course List)
Principles of Microeconomics (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Foundations of Business (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
Principles of Economics (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Probability and Statistics for Engineering and the Sciences
Financial And Managerial Accounting
Database Systems: Design, Implementation, & Management
Principles of Information Security (MindTap Course List)
Principles of Information Systems (MindTap Course List)
Database Systems: Design, Implementation, & Management
Fundamentals of Information Systems
A Guide to SQL
Fundamentals of Information Systems
Fundamentals of Geotechnical Engineering (MindTap Course List)
Mechanics of Materials (MindTap Course List)
Automotive Technology: A Systems Approach (MindTap Course List)
Precision Machining Technology (MindTap Course List)
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
Principles of Information Systems (MindTap Course List)
Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)
Management Of Information Security
Electric Motor Control
International Edition---engineering Mechanics: Statics, 4th Edition
Fundamentals of Chemical Engineering Thermodynamics (MindTap Course List)
Solid Waste Engineering
EBK ELECTRICAL WIRING RESIDENTIAL
Principles of Geotechnical Engineering (MindTap Course List)
Steel Design (Activate Learning with these NEW titles from Engineering!)
Automotive Technology
Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)
Structural Analysis
Network+ Guide to Networks (MindTap Course List)
College Accounting (Book Only): A Career Approach
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
Intermediate Accounting: Reporting And Analysis
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Financial Accounting
Accounting Information Systems
Financial & Managerial Accounting
Financial Accounting
Managerial Accounting: The Cornerstone of Business Decision-Making
Corporate Financial Accounting
Accounting (Text Only)
College Accounting, Chapters 1-27
College Accounting (Book Only): A Career Approach
Survey of Accounting (Accounting I)
Managerial Accounting
Cornerstones of Cost Management (Cornerstones Series)
Micro Economics For Today
Exploring Economics
Microeconomics: Private and Public Choice (MindTap Course List)
MKTG 12:STUDENT ED.-TEXT
Principles of Macroeconomics (MindTap Course List)
Microeconomics
Practical Management Science
Contemporary Marketing
Economics (MindTap Course List)
Principles of Microeconomics
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Purchasing and Supply Chain Management
Macroeconomics
Management, Loose-Leaf Version
Essentials of Economics (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD
Understanding Management (MindTap Course List)
Economics For Today
Economics: Private and Public Choice (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
MACROECONOMICS FOR TODAY
Macroeconomics: Private and Public Choice (MindTap Course List)