College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756



College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

PURCHASES JOURNAL 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.

23    Purchase Invoice No. 867, $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.


  1. 1. Record the transactions in the purchases journal. Total and rule the journal.
  2. 2. Post from the purchases journal to the general ledger and accounts payable ledger accounts. Use account numbers as shown in the chapter.


To determine

Prepare the given transactions in the purchase journal.


Purchase Journal: Purchase journal records all the merchandise purchase on credit. In a single column purchase journal, debit aspect of inventory and credit aspect of accounts payable are recorded, and then posted to individual subsidiary supplier account.

Record the given transactions in a purchases journal:

Purchases Journal
 DateInvoice No.From Whom Purchased



Purchases Debit Accounts Payable Credit 
120-- September3415S Distributors2,6501
2 8132M Wholesaler3,8302
3 11614J...


To determine

Post the purchase journal to the general ledger, and accounts payable ledger accounts.

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