Enter the following into t.timbels purchases journal for Aug 2016 1 received invoice from p.daka for 800 less 10% trade discount

The trade discount is 10% of the original invoice amount.
Discount = $800 \times 0.10 =$80

The net amount is the original amount less the trade discount.
Net Amount = $800 -$80 = $720

Purchases Journal Entry:
The entry in T. Timbels' Purchases Journal for August 2016 would be:

• Date: Aug 2016
• Supplier: P. Daka
• Amount: $720