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Social SciencePrepare 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$c. What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?$
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?
$
Expert Answer
a.
Prepare a purchase journal.
Image Transcriptionclose
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
b.
Identify the total amount posted to the accounts payable and office supplies accounts from the purchases journal.
Image Transcriptionclose
Particulars (S) Credited to accounts payable Debited to office supplies Amount (S) 2,200 660
c.
Compute the credit balanc...
Image Transcriptionclose
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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