ABC company purchase merchandise as of January 2020 on the following transaction. 1. Purchase mechandise $25,000 on cash from QPR Company. 2.Purchase in account $16,000 from JK Company. 3. Purchase office equipment on account $15,000. 4. purchase $3,000 terms 2/10, n/30 14. paid cash to the seller
15. purchased on account with terms 3/12, n/30 $20,000
27. paid $19,400
Record the necessary Journal entry for both seller company and buyer company ​

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period.calculate accrual net income for the year.