July 1 Purchased $22,000 of merchandise on credit from Hector Company, terms n/15. July 4 Sold merchandise costing $1,070 to C. Paul for $1,180 cash. July 8 Purchased $720 of office supplies from Zhang Company on credit, terms n/30. July 15 Paid Hector $22,000 cash for the merchandise purchased on July 1. July 21 Purchased $1,110 of store supplies on credit from Staples, terms n/30. July 22 Sold merchandise costing $2,750 to MicroTran for $3,250 on credit, terms n/30. July 23 Purchased office supplies from Depot for $380 cash. July 25 Purchased $6,000 of merchandise on credit from Alfredo Company, terms n/30. July 27 Paid employee salaries of $2,400 in cash. Date Account Date of Invoice PURCHASES JOURNAL Accounts Payable Credit Terms Inventory Debit Office Sup Debi
July 1 Purchased $22,000 of merchandise on credit from Hector Company, terms n/15. July 4 Sold merchandise costing $1,070 to C. Paul for $1,180 cash. July 8 Purchased $720 of office supplies from Zhang Company on credit, terms n/30. July 15 Paid Hector $22,000 cash for the merchandise purchased on July 1. July 21 Purchased $1,110 of store supplies on credit from Staples, terms n/30. July 22 Sold merchandise costing $2,750 to MicroTran for $3,250 on credit, terms n/30. July 23 Purchased office supplies from Depot for $380 cash. July 25 Purchased $6,000 of merchandise on credit from Alfredo Company, terms n/30. July 27 Paid employee salaries of $2,400 in cash. Date Account Date of Invoice PURCHASES JOURNAL Accounts Payable Credit Terms Inventory Debit Office Sup Debi
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![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 $22,000 of merchandise on credit from Hector Company, terms n/15.
July 4 Sold merchandise costing $1,070 to C. Paul for $1,180 cash.
July 8 Purchased $720 of office supplies from Zhang Company on credit, terms n/30.
July 15 Paid Hector $22,000 cash for the merchandise purchased on July 1.
July 21 Purchased $1,110 of store supplies on credit from Staples, terms n/30.
July 22 Sold merchandise costing $2,750 to MicroTran for $3,250 on credit, terms n/30.
July 23 Purchased office supplies from Depot for $380 cash.
July 25 Purchased $6,000 of merchandise on credit from Alfredo Company, terms n/30.
July 27 Paid employee salaries of $2,400 in cash.
Date
Account
Date of
Invoice
PURCHASES JOURNAL
Terms
Accounts Payable
Credit
Inventory Debit
Office Sup
Debit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff97de970-42c9-4f0f-85f6-0a4a37bc8afa%2F7e9e25ee-f190-4c88-b1c3-c6dbcd2d5a7d%2Fda9gnrr_processed.jpeg&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 $22,000 of merchandise on credit from Hector Company, terms n/15.
July 4 Sold merchandise costing $1,070 to C. Paul for $1,180 cash.
July 8 Purchased $720 of office supplies from Zhang Company on credit, terms n/30.
July 15 Paid Hector $22,000 cash for the merchandise purchased on July 1.
July 21 Purchased $1,110 of store supplies on credit from Staples, terms n/30.
July 22 Sold merchandise costing $2,750 to MicroTran for $3,250 on credit, terms n/30.
July 23 Purchased office supplies from Depot for $380 cash.
July 25 Purchased $6,000 of merchandise on credit from Alfredo Company, terms n/30.
July 27 Paid employee salaries of $2,400 in cash.
Date
Account
Date of
Invoice
PURCHASES JOURNAL
Terms
Accounts Payable
Credit
Inventory Debit
Office Sup
Debit
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