what are journal entries?

Question

Fair bought goods at list price $ 4500 0n 24 November 2019

Adil is offered a trade discount of 20% and a cash discount of 15% if paid within 10 days.

Adil had made payment at 02 December 2019

Make all Journal entries

i need solution for this question

Answer 1

Date

Dr Cr

Nov 24 2019 Purchase A/C 3600

To Adil/ AP A/c 3600

(Goods bought at list price less 20% trade discount(4500 - (20% of 4500) = 3600

Dec 02 2019 Adil/Accounts Payable A/C 3600

Cash 3060

Discount Received 540

Being amt paid to Adil for the gds purchased within 10 days after 15% discounts on $3600