Prepare Journal Entries in a Purchases JournalGuardian Services Inc. had the following transactions during the month of April:Apr. 4.Purchased office supplies from Officemate, Inc. on account, $390.Apr. 9.Purchased office equipment, Inc. on account from Tek Village Inc., $1,540.Apr. 16.Purchased office supplies from Officemate, Inc. on account, $110.Apr. 19.Purchased office supplies from Paper-to-Go Inc. on account, $160.Apr. 27.Paid invoice on April 4 purchase from Officemate, Inc.a.  Prepare a purchases journal to record the April purchase transactions for Guardian Services Inc. If an amount box does not require an entry, leave it blank.If no entry is required in "Other Accounts Dr." then select "No entry required".PURCHASES JOURNALDATEAccount CreditedPost. Ref.Accounts Payable Cr.Office Supplies Dr.Other Accounts Dr.Post. Ref.AmountApr. 4       Apr. 9       Apr. 16       Apr. 19       Apr. 30Total      b.  What is the total amount posted to the accounts payable and office supplies accounts from the purchases journal for April?Credit to Accounts Payable$Debit to Office Supplies$c.  What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?$

Question
Asked Sep 23, 2019

Prepare Journal Entries in a Purchases Journal

Guardian Services Inc. had the following transactions during the month of April:

Apr. 4. Purchased office supplies from Officemate, Inc. on account, $390.
Apr. 9. Purchased office equipment, Inc. on account from Tek Village Inc., $1,540.
Apr. 16. Purchased office supplies from Officemate, Inc. on account, $110.
Apr. 19. Purchased office supplies from Paper-to-Go Inc. on account, $160.
Apr. 27. Paid invoice on April 4 purchase from Officemate, Inc.

a.  Prepare a purchases journal to record the April purchase transactions for Guardian Services Inc. If an amount box does not require an entry, leave it blank.

If no entry is required in "Other Accounts Dr." then select "No entry required".

PURCHASES JOURNAL
DATE Account Credited Post. Ref. Accounts Payable Cr. Office Supplies Dr. Other Accounts Dr. Post. Ref. Amount
Apr. 4              
Apr. 9              
Apr. 16              
Apr. 19              
Apr. 30 Total            

b.  What is the total amount posted to the accounts payable and office supplies accounts from the purchases journal for April?

Credit to Accounts Payable $
Debit to Office Supplies $

c.  What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?
$

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Expert Answer

Step 1

a.

Prepare a purchase journal.

Other
Date
Account Credited
Post
Асcount
Office
Post
Ref.
Payable
Supplies
Аccount
Ref.
Credit
Debit
Debit
April 4
April 9
April 16
April 19
April 27
390
Officemate
Tek Village
390
1,540
110
1,540
Officemate
110
Paper-to-go
160
160
660
Total
2,200
1,540
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Other Date Account Credited Post Асcount Office Post Ref. Payable Supplies Аccount Ref. Credit Debit Debit April 4 April 9 April 16 April 19 April 27 390 Officemate Tek Village 390 1,540 110 1,540 Officemate 110 Paper-to-go 160 160 660 Total 2,200 1,540

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Step 2

b.

Identify the total amount posted to the accounts payable and office supplies accounts from the purchases journal.

Particulars (S)
Credited to accounts payable
Debited to office supplies
Amount (S)
2,200
660
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Particulars (S) Credited to accounts payable Debited to office supplies Amount (S) 2,200 660

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Step 3

c.

Compute the credit balanc...

Particulars Credit (S)
Debit (S)
Date
Particulars
Paid invoice on April
27 for April 4
Date
390
April 1
Balance
April 4 Purchases
390
110 April 16 Purchases
April 30 Balance
110
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Particulars Credit (S) Debit (S) Date Particulars Paid invoice on April 27 for April 4 Date 390 April 1 Balance April 4 Purchases 390 110 April 16 Purchases April 30 Balance 110

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