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
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
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 2.4C
Related questions
Question
100%
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
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,