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Understanding Cash Discounts & Journal Entries for Payments - Accounting Example
第2个贷是现金,第3部分没有利息,重新写,分录为英文格式,按我给你的,一模一样生成

Based on the provided information, here are the corrected journal entries in English:

  1. Purchase with a cash discount: Debit: Inventory 29,400 Credit: Accounts Payable 29,400

  2. Payment within the discount period: Debit: Accounts Payable 29,400 Credit: Cash 29,124 Credit: Finance Costs - Cash Discount 276

  3. Payment after the discount period: Debit: Accounts Payable 29,400 Credit: Cash 29,400

Please note that these entries assume a 2% cash discount on a $30,000 purchase with terms of 2/10, n/30, meaning a 2% discount if paid within 10 days, and full payment otherwise. The currency unit is not specified, so it's assumed to be the same as the original context. If the original currency is different, please adjust accordingly.