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An entity purchased US $1 .000 gross amount of inventory on account with terms of

An entity purchased US $1 .000 gross amount of inventory on account with terms of 2 f discount if paidwithin 10 days. The seller was responsible for delivery to the shipping point, with freight of US $30 prepaidby the seller. The entity records purchases at the net amount. The journal entry to record payment 8 daysafter the invoice date is .
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firesoccer53881
firesoccer53881
4,6(96 marks)

Most economists of them believe that monetary neutrality provides a good description of the long run, but not the short run.

(happy to happy)

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