The following transactions took place during August of the current year. Please complete the Purchases Journal. Total credits should be equal to total debits. Transactions: 1 Purchased $1,500.00 in merchandise on account from Beads R Us, invoice 158. 7 Bought a new computer on account from Best Buy for $1,600.00, invoice 822. 10 Purchased gems (merchandise) from The Gem Mine for $1,100.00 on account, terms 2/15, n/30, invoice 263. 14 Purchased $525.00 in pens and paper from Staples on account, terms n/30, invoice 28. 22 Bought an office desk on account from Office Depot for $750.00, invoice 76. 30 Bought merchandise on account from The Gem Mine for $5,000.00, terms 2/15, n/30, invoice 282. Purchases

Quickbooks Online Accounting
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ISBN:9780357391693
Author:Owen
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Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 2.4C
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Use the transactions to fill in the plank chart of purchases. I’ve also wrote them below: Transactions: August; Purchased $1,500.00 in merchandise on account from Beads R Us, invoice 158. Bought a new computer on account from Best Buy for $1,600.00, invoice 822. Purchased gems (merchandise) from The Gem Mine for $1,100.00 on account, terms 2/15, n/30, invoice Purchased $525.00 in pens and paper from Staples on account, terms n/30, invoice 28. Bought an office desk on account from Office Depot for $750.00, invoice 76. Bought merchandise on account from The Gem Mine for $5,000.00, terms 2/15, n/30, invoice 282. Purchases
H
The following transactions took place during August of the current year. Please complete the Purchases Journal.
Total credits should be equal to total debits.
Transactions:
1 Purchased $1,500.00 in merchandise on account from Beads R Us, invoice 158.
7 Bought a new computer on account from Best Buy for $1,600.00, invoice 822.
10 Purchased gems (merchandise) from The Gem Mine for $1,100.00 on account, terms 2/15, n/30, invoice 263.
14 Purchased $525.00 in pens and paper from Staples on account, terms n/30, invoice 28.
22 Bought an office desk on account from Office Depot for $750.00, invoice 76.
30 Bought merchandise on account from The Gem Mine for $5,000.00, terms 2/15, n/30, invoice 282.
Purchases
General
Accounts
Purchases
POST
Invoice POST
Account Credited
Payable Credit
Debit
REF.
Account Debited
ate
%#3
REF.
Transcribed Image Text:H The following transactions took place during August of the current year. Please complete the Purchases Journal. Total credits should be equal to total debits. Transactions: 1 Purchased $1,500.00 in merchandise on account from Beads R Us, invoice 158. 7 Bought a new computer on account from Best Buy for $1,600.00, invoice 822. 10 Purchased gems (merchandise) from The Gem Mine for $1,100.00 on account, terms 2/15, n/30, invoice 263. 14 Purchased $525.00 in pens and paper from Staples on account, terms n/30, invoice 28. 22 Bought an office desk on account from Office Depot for $750.00, invoice 76. 30 Bought merchandise on account from The Gem Mine for $5,000.00, terms 2/15, n/30, invoice 282. Purchases General Accounts Purchases POST Invoice POST Account Credited Payable Credit Debit REF. Account Debited ate %#3 REF.
Purchases
General
Invoice POST
Accounts
Purchases
POST
Date
23
REF.
Account Credited
Payable Credit
Debit
REF.
Account Debited
Debit
Total Debits
Total Credits
kample
Purchases Journal
Transcribed Image Text:Purchases General Invoice POST Accounts Purchases POST Date 23 REF. Account Credited Payable Credit Debit REF. Account Debited Debit Total Debits Total Credits kample Purchases Journal
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