Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. July 1 Purchased $23,500 of merchandise on credit from Hector Co., terms n/15. 4 Sold merchandise costing $1,220 to c. Paul for $1,330 cash. 8 Purchased $780 of office supplies from Zhang Co. on credit, terms n/30. 15 Paid Hector $23,500 cash for the merchandise purchased on July 1. 21 Purchased $1,155 of store supplies on credit from Staples, terms n/30. 22 Sold merchandise costing $2,900 to MicroTran for $3,400 on credit, terms n/30. 23 Purchased office supplies from Depot for $395 cash. 25 Purchased $6,600 of merchandise on credit from Alfredo Co., terms n/30. 27 Paid employee salaries of $2,550 in cash. PURCHASES JOURNAL Date of Accounts Office Other Date Account Invoice Terms Payable Cr. Inventory Dr. Supplies Dr. Accounts Dr.
Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. July 1 Purchased $23,500 of merchandise on credit from Hector Co., terms n/15. 4 Sold merchandise costing $1,220 to c. Paul for $1,330 cash. 8 Purchased $780 of office supplies from Zhang Co. on credit, terms n/30. 15 Paid Hector $23,500 cash for the merchandise purchased on July 1. 21 Purchased $1,155 of store supplies on credit from Staples, terms n/30. 22 Sold merchandise costing $2,900 to MicroTran for $3,400 on credit, terms n/30. 23 Purchased office supplies from Depot for $395 cash. 25 Purchased $6,600 of merchandise on credit from Alfredo Co., terms n/30. 27 Paid employee salaries of $2,550 in cash. PURCHASES JOURNAL Date of Accounts Office Other Date Account Invoice Terms Payable Cr. Inventory Dr. Supplies Dr. Accounts Dr.
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter9: Accounting For Purchases And Cash Payments
Section: Chapter Questions
Problem 2AP
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