Use the following purchases journal to record the transactions. (If a box is not used in the journal leave the box empty; do not select any information and do not enter a zero. Abbreviation used: Supp. = Supplies)a (Click the icon to view the transactions.)Purchases JournalPage 6Other Accounts DRVendorPost.AccountsMerchandiseOfficeAccountPost.DateAccount CreditedTermsRef. Payable CRInventory DR Supp. DRTitleRef.Amount2024Oct.More InfoOct. 1Purchased merchandise inventory on account with credit terms of 2/10, n/30 from Milk Co.,$2.700,Oct. 11Purchased office supplies on account from Book Co., $400. Terms were n/EOM.Oct. 24Purchased furniture on account with credit terms of 4/10, n/60 from Slip Co., $1,600.PrintDone

1 (Click the icon to view the transactions.) Purchases Journal Other Acco Vendor Post. Accounts Merchandise Office Account Date Account Credited Terms Ref. Payable CR Inventory DR Supp. DR Title 2024 Oct. More Info

1 (Click the icon to view the transactions.) Purchases Journal Other Acco Vendor Post. Accounts Merchandise Office Account Date Account Credited Terms Ref. Payable CR Inventory DR Supp. DR Title 2024 Oct. More Info

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter9: Accounting For Purchases And Cash Payments

Section9.3: Posting From A Purchases Journal

Problem 1OYO

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Question

Use the following purchases journal to record the transactions. (If a box is not used in the journal leave the box empty; do not select any information and do not enter a zero. Abbreviation used: Supp. = Supplies)
a (Click the icon to view the transactions.)
Purchases Journal
Page 6
Other Accounts DR
Vendor
Post.
Accounts
Merchandise
Office
Account
Post.
Date
Account Credited
Terms
Ref. Payable CR
Inventory DR Supp. DR
Title
Ref.
Amount
2024
Oct.
More Info
Oct. 1
Purchased merchandise inventory on account with credit terms of 2/10, n/30 from Milk Co.,
$2.700,
Oct. 11
Purchased office supplies on account from Book Co., $400. Terms were n/EOM.
Oct. 24
Purchased furniture on account with credit terms of 4/10, n/60 from Slip Co., $1,600.
Print
Done

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