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 $19,000 of merchandise on credit from Hector Company, terms n/15. July 4 Sold merchandise costing $770 to C. Paul for $880 cash. July 8 Purchased $600 of office supplies from Zhang Company on credit, terms n/30. July 15 Paid Hector $19,000 cash for the merchandise purchased on July 1. July 21 Purchased $1,020 of store supplies on credit from Staples, terms n/30. July 22 Sold merchandise costing $2,450 to MicroTran for $2,950 on credit, terms n/30. July 23 Purchased office supplies from Depot for $350 cash. July 25 Purchased $4,800 of merchandise on credit from Alfredo Company, terms n/30. July 27 Paid employee salaries of $2,100 in cash. Date Account Date of Invoice PURCHASES JOURNAL Terms Accounts Payable Credit Inventory Debit Office Supplies Debit Other Accounts Debit
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 $19,000 of merchandise on credit from Hector Company, terms n/15. July 4 Sold merchandise costing $770 to C. Paul for $880 cash. July 8 Purchased $600 of office supplies from Zhang Company on credit, terms n/30. July 15 Paid Hector $19,000 cash for the merchandise purchased on July 1. July 21 Purchased $1,020 of store supplies on credit from Staples, terms n/30. July 22 Sold merchandise costing $2,450 to MicroTran for $2,950 on credit, terms n/30. July 23 Purchased office supplies from Depot for $350 cash. July 25 Purchased $4,800 of merchandise on credit from Alfredo Company, terms n/30. July 27 Paid employee salaries of $2,100 in cash. Date Account Date of Invoice PURCHASES JOURNAL Terms Accounts Payable Credit Inventory Debit Office Supplies Debit Other Accounts Debit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 $19,000 of merchandise on credit from Hector Company, terms n/15.
July 4 Sold merchandise costing $770 to C. Paul for $880 cash.
July 8 Purchased $600 of office supplies from Zhang Company on credit, terms n/30.
July 15 Paid Hector $19,000 cash for the merchandise purchased on July 1.
July 21 Purchased $1,020 of store supplies on credit from Staples, terms n/30.
July 22 Sold merchandise costing $2,450 to MicroTran for $2,950 on credit, terms n/30.
July 23 Purchased office supplies from Depot for $350 cash.
July 25 Purchased $4,800 of merchandise on credit from Alfredo Company, terms n/30.
July 27 Paid employee salaries of $2,100 in cash.
Date
Account
Date of
Invoice
PURCHASES JOURNAL
Terms
Accounts Payable
Credit
Inventory Debit
Office Supplies
Debit
Other Accounts
Debit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F266fc484-5c67-47d6-992b-66fccc5361b4%2Fef82481d-3278-4b84-b63b-0e366c99fb7a%2F6l25656_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 $19,000 of merchandise on credit from Hector Company, terms n/15.
July 4 Sold merchandise costing $770 to C. Paul for $880 cash.
July 8 Purchased $600 of office supplies from Zhang Company on credit, terms n/30.
July 15 Paid Hector $19,000 cash for the merchandise purchased on July 1.
July 21 Purchased $1,020 of store supplies on credit from Staples, terms n/30.
July 22 Sold merchandise costing $2,450 to MicroTran for $2,950 on credit, terms n/30.
July 23 Purchased office supplies from Depot for $350 cash.
July 25 Purchased $4,800 of merchandise on credit from Alfredo Company, terms n/30.
July 27 Paid employee salaries of $2,100 in cash.
Date
Account
Date of
Invoice
PURCHASES JOURNAL
Terms
Accounts Payable
Credit
Inventory Debit
Office Supplies
Debit
Other Accounts
Debit
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