Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. July 1 Purchased $21,000 of merchandise on credit from Hector Co., terms n/15. 4 Sold merchandise costing $970 to C. Paul for $1,080 cash. 8 Purchased $680 of office supplies from Zhang Co. on credit, terms n/30. 15 Paid Hector $21,000 cash for the merchandise purchased on July 1. 21 Purchased $1,080 of store supplies on credit from Staples, terms n/30. 22 Sold merchandise costing $2,650 to MicroTran for $3,150 on credit, terms n/30. 23 Purchased office supplies from Depot for $370 cash. 25 Purchased $5,600 of merchandise on credit from Alfredo Co., terms n/30. 27 Paid employee salaries of $2,300 in cash. Date Account Date of Invoice PURCHASES JOURNAL Accounts Payable Cr. Terms Inventory Dr. Office Supplies Dr. Other Accounts Dr.
Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. July 1 Purchased $21,000 of merchandise on credit from Hector Co., terms n/15. 4 Sold merchandise costing $970 to C. Paul for $1,080 cash. 8 Purchased $680 of office supplies from Zhang Co. on credit, terms n/30. 15 Paid Hector $21,000 cash for the merchandise purchased on July 1. 21 Purchased $1,080 of store supplies on credit from Staples, terms n/30. 22 Sold merchandise costing $2,650 to MicroTran for $3,150 on credit, terms n/30. 23 Purchased office supplies from Depot for $370 cash. 25 Purchased $5,600 of merchandise on credit from Alfredo Co., terms n/30. 27 Paid employee salaries of $2,300 in cash. Date Account Date of Invoice PURCHASES JOURNAL Accounts Payable Cr. Terms Inventory Dr. Office Supplies Dr. Other Accounts Dr.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize
the following transactions that should be recorded in the purchases journal.
July 1 Purchased $21,000 of merchandise on credit from Hector Co., terms n/15.
4 Sold merchandise costing $970 to C. Paul for $1,080 cash.
8 Purchased $680 of office supplies from Zhang Co. on credit, terms n/30.
15 Paid Hector $21,000 cash for the merchandise purchased on July 1.
21 Purchased $1,080 of store supplies on credit from Staples, terms n/30.
22 Sold merchandise costing $2,650 to MicroTran for $3,150 on credit, terms n/30.
23 Purchased office supplies from Depot for $370 cash.
25 Purchased $5,600 of merchandise on credit from Alfredo Co., terms n/30.
27 Paid employee salaries of $2,300 in cash.
Date
Account
Date of
Invoice
PURCHASES JOURNAL
Accounts
Payable Cr.
Terms
Inventory Dr.
Office
Supplies Dr.
Other
Accounts Dr.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcba5c243-d3c4-478f-8b27-e10a19198737%2F22d80dd1-0f14-48a5-97cf-d3b71e01d07e%2Fer3cz4_processed.png&w=3840&q=75)
Transcribed Image Text:Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize
the following transactions that should be recorded in the purchases journal.
July 1 Purchased $21,000 of merchandise on credit from Hector Co., terms n/15.
4 Sold merchandise costing $970 to C. Paul for $1,080 cash.
8 Purchased $680 of office supplies from Zhang Co. on credit, terms n/30.
15 Paid Hector $21,000 cash for the merchandise purchased on July 1.
21 Purchased $1,080 of store supplies on credit from Staples, terms n/30.
22 Sold merchandise costing $2,650 to MicroTran for $3,150 on credit, terms n/30.
23 Purchased office supplies from Depot for $370 cash.
25 Purchased $5,600 of merchandise on credit from Alfredo Co., terms n/30.
27 Paid employee salaries of $2,300 in cash.
Date
Account
Date of
Invoice
PURCHASES JOURNAL
Accounts
Payable Cr.
Terms
Inventory Dr.
Office
Supplies Dr.
Other
Accounts Dr.
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