Journalizing Purchases TransactionsEnter the following transactions in a purchases journal.May 3 Purchased merchandise from Cintron, $5,600. Invoice No. 321, dated May 1, terms n/30.9 Purchased merchandise from Mitsui, $2,300. Invoice No. 614, dated May 8, terms 2/10, n/30.18 Purchased merchandise from Aloha Distributors, $3,300. Invoice No. 180, dated May 15, terms 1/15, n/30.23 Purchased merchandise from Soto, $6,300. Invoice No. 913, dated May 22, terms 1/10, n/30. PURCHASES DEBITINVOICEPOST.DATEFROM WHOM PURCHASEDАСCTS. PAY.NO.REF.CREDITМ.d1М.d22М.d3М.d44

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Description: Journalizing Purchases TransactionsEnter the following transactions in a purchases journal.May 3 Purchased merchandise from Cintron, $5,600. Invoice No. 321, dated May 1, terms n/30.9 Purchased merchandise from Mitsui, $2,300. Invoice No. 614, date

Purchase invoice is the a bill against which the payment needs to be done. It is the payment to…

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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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Journalizing Purchases Transactions

Enter the following transactions in a purchases journal.

May 3	Purchased merchandise from Cintron, $5,600. Invoice No. 321, dated May 1, terms n/30.
9	Purchased merchandise from Mitsui, $2,300. Invoice No. 614, dated May 8, terms 2/10, n/30.
18	Purchased merchandise from Aloha Distributors, $3,300. Invoice No. 180, dated May 15, terms 1/15, n/30.
23	Purchased merchandise from Soto, $6,300. Invoice No. 913, dated May 22, terms 1/10, n/30.

PURCHASES DEBIT
INVOICE
POST.
DATE
FROM WHOM PURCHASED
АСCTS. PAY.
NO.
REF.
CREDIT
М.d
1
М.d
2
2
М.d
3
М.d
4
4

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