Diveston Inc purchased 1 000 bags of insulation on account

Last updated: 3/17/2023

Diveston Inc purchased 1 000 bags of insulation on account from Warmco Inc Th all 1 000 bags of insulation shipped to its warehouse Diveston returned 50 bags tha inventory system and that Warmco did not offer a purchase discount Required 1 Prepare a journal entry to record the purchase of the bags of insulation If an am 8 I 2 Prepare the entry to record the payment for shipping If an amount box does not