Cash paid to creditors ra 9000 after deducting 10% discount journal entry

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asked May 9, 2024 189k views

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Paul Joireman · Answer 1 · 2024-05-13T11:17:23+0000

The journal entry to record the cash payment to creditors after deducting a 10% discount would be as follows:

Debit: Creditors (Accounts Payable) 9,000
Credit: Cash 8,100
Credit: Discount Allowed 900

Cash paid to creditors ra 9000 after deducting 10% discount journal entry

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