Friday, March 21, 2014

PE 5-3B Purchases journal

The following purchase transactions occurred during December for Rehoboth Inc.:

Dec. 6. Purchased office supplies for $415, on account from Supply Hut Inc.
       14. Purchased office equipment for $1,950, on account from Zell Computer Inc.
       19. Purchased office supplies for $450, on account from Supply Hut Inc.

Record these transactions in the following purchases journal format:

PURCHASES JOURNAL
                                                          Accounts     Office       Other
                                                  Post.  Payable    Supplies   Account   Post.
  Date      Accounts Credited       Ref.      Cr.            Dr.        Dr.         Ref.        Amount

Answer:
PURCHASES JOURNAL
                                                            Accounts     Office       Other
                                                  Post.    Payable    Supplies   Account     Post.
  Date      Accounts Credited       Ref.      Cr.            Dr.           Dr.         Ref.        Amount
Dec. 6       Supply Hut Inc.                      415          415
       14       Zell Computer Inc.               1,950                 Office Equipment         1,950
       19       Supply Hut Inc.                     450          450

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