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PURCHASES TRANSACTIONS J. B. Speck, owner of Speck’s Galleria, made the following purchases of merchandise on account during the month of September: Sept. 3 Purchase Invoice No. 415, $2,650, from Smith Distributors. 8 Purchase Invoice No. 132, $3,830, from Michaels Wholesaler. 11 Purchase Invoice No. 614, $3,140, from J. B. Sanders & Co. 18 Purchase Invoice No. 329, $2,250, from Bateman & Jones, Inc. Sept. 23 Purchase Invoice No. 767, $4,160, from Smith Distributors. 27 Purchase Invoice No. 744, $1,980, from Anderson Company. 30 Purchase Invoice No. 652, $2,780, from Michaels Wholesaler. Required 1. Record the transactions starting with page 16 of a general journal. 2. Post from the general journal to the general ledger accounts and to the accounts payable ledger accounts. Use general ledger account numbers as shown in the chapter.

BuyFind

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
Publisher: Cengage Learning,
ISBN: 9781337794756
BuyFind

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
Publisher: Cengage Learning,
ISBN: 9781337794756

Solutions

Chapter
Section
Chapter 11, Problem 9SPA
Textbook Problem

PURCHASES TRANSACTIONS J. B. Speck, owner of Speck’s Galleria, made the following purchases of merchandise on account during the month of September:

Sept. 3    Purchase Invoice No. 415, $2,650, from Smith Distributors.

8    Purchase Invoice No. 132, $3,830, from Michaels Wholesaler.

11    Purchase Invoice No. 614, $3,140, from J. B. Sanders & Co.

18    Purchase Invoice No. 329, $2,250, from Bateman & Jones, Inc.

Sept. 23    Purchase Invoice No. 767, $4,160, from Smith Distributors.

27    Purchase Invoice No. 744, $1,980, from Anderson Company.

30    Purchase Invoice No. 652, $2,780, from Michaels Wholesaler.

Required

  1. 1. Record the transactions starting with page 16 of a general journal.
  2. 2. Post from the general journal to the general ledger accounts and to the accounts payable ledger accounts. Use general ledger account numbers as shown in the chapter.

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Chapter 11 Solutions

College Accounting, Chapters 1-27
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