Bookkeeping Exercises
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Online shop: Little Fern Online Shop

Little Fern sells plant pots and seed kits online. It uses a perpetual inventory system, a fictional 6% sales tax, and pays suppliers within discount terms.

Tasks

Little Fern Online Shop · Item 1 of 6

Proadvanced

Shop: stock purchase on account

On March 4 Little Fern buys $5,200.00 of plant pots and seed kits from a wholesaler, terms 2/10, net 30 (perpetual).

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Little Fern Online Shop · accrual basis · USD

Journal entry lines
AccountDebitCreditRemove
Totals$0.00$0.00

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