Prepare a purchases journal and then record the following purchases transactions. July 1 Purchased $1,000 of merchandise on credit from Kim, Inc., terms n/60. 4 Purchased $200 of store supplies from Chi Company on credit, terms n/30. 7 Purchased $600 of office supplies on credit from Min Company, terms n/30.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 22EA: Prepare journal entries to record the following transactions. A. March 1, purchased land for cash,...
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Prepare a purchases journal and then record the following purchases transactions.
July 1 Purchased $1,000 of merchandise on credit from Kim, Inc., terms n/60.
4 Purchased $200 of store supplies from Chi Company on credit, terms n/30.
7 Purchased $600 of office supplies on credit from Min Company, terms n/30.

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