1 (Click the icon to view the transactions.) Purchases Journal Page Other Accounts DR More Info Vendor Post. Accounts Merchandise Office Account Post. Date Account Credited Terms Ref. Payable CR Inventory DR Supp. DR Title Ref. Amount 2024 Oct. 1 Purchased merchandise inventory on account with credit terms of 2/10, n/30 from Milly Co., $2,000. Purchased office supplies on account from Ball Co., $450. Terms were n/EOM. Oct. Oct. 11 Oct. 24 Purchased furniture on account with credit terms of 3/10, n/60 from Slip Co., $1,400. Print Done

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
More Info
Vendor
Post.
Accounts
Merchandise
Office
Account
Post.
Date
Account Credited
Terms
Ref.
Payable CR
Inventory DR
Supp. DR
Title
Ref.
Amount
2024
Oct. 1
Purchased merchandise inventory on account with credit terms of 2/10, n/30 from Milly Co.,
$2,000.
Oc.
Oct. 11
Purchased office supplies on account from Ball Co., $450. Terms were n/EOM.
Oct. 24
Purchased furniture on account with credit terms of 3/10, n/60 from Slip Co., $1,400.
Print
Done
Transcribed Image Text: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 More Info Vendor Post. Accounts Merchandise Office Account Post. Date Account Credited Terms Ref. Payable CR Inventory DR Supp. DR Title Ref. Amount 2024 Oct. 1 Purchased merchandise inventory on account with credit terms of 2/10, n/30 from Milly Co., $2,000. Oc. Oct. 11 Purchased office supplies on account from Ball Co., $450. Terms were n/EOM. Oct. 24 Purchased furniture on account with credit terms of 3/10, n/60 from Slip Co., $1,400. Print Done
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