Journalizing Purchases Transactions Enter the following transactions in a purchases journal. May 3 Purchased merchandise from Cintron, $5,600. Invoice No. 321, dated May 1, terms n/30. 9 Purchased merchandise from Mitsui, $2,300. Invoice No. 614, dated May 8, terms 2/10, n/30. 18 Purchased merchandise from Aloha Distributors, $3,300. Invoice No. 180, dated May 15, terms 1/15, n/30. 23 Purchased merchandise from Soto, $6,300. Invoice No. 913, dated May 22, terms 1/10, n/30.
Journalizing Purchases Transactions Enter the following transactions in a purchases journal. May 3 Purchased merchandise from Cintron, $5,600. Invoice No. 321, dated May 1, terms n/30. 9 Purchased merchandise from Mitsui, $2,300. Invoice No. 614, dated May 8, terms 2/10, n/30. 18 Purchased merchandise from Aloha Distributors, $3,300. Invoice No. 180, dated May 15, terms 1/15, n/30. 23 Purchased merchandise from Soto, $6,300. Invoice No. 913, dated May 22, terms 1/10, n/30.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter12: Special Journals
Section: Chapter Questions
Problem 5TF: LO4 Purchases returns and allowances are recorded in the general journal.
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Journalizing Purchases Transactions
Enter the following transactions in a purchases journal.
May 3 | Purchased merchandise from Cintron, $5,600. Invoice No. 321, dated May 1, terms n/30. |
9 | Purchased merchandise from Mitsui, $2,300. Invoice No. 614, dated May 8, terms 2/10, n/30. |
18 | Purchased merchandise from Aloha Distributors, $3,300. Invoice No. 180, dated May 15, terms 1/15, n/30. |
23 | Purchased merchandise from Soto, $6,300. Invoice No. 913, dated May 22, terms 1/10, n/30. |
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