P7-4B. Super Sweets of Edmonton, owned and operated by Sophia Blanca, uses a purchases journal (page 15) and a general journal (page 3) to record the following transactions (use separate columns for merchandise and supplies purchases in the purchases journal): 2022 5 Purchased merchandise on account from Bakker Co., invoice No. 2467, dated August 4, terms 2/10, n/60, $1,637.45. Aug. 9. Purchased merchandise on account from Holmes Co., invoice No. 1438, dated August 8, terms 2/10, n/60, $1,784.30. Purchased store supplies on account from Genesis Co., invoice No. 5031, dated August 12, S1,478.25. Issued debit memo No. 5 to Bakker Co. for merchandise returned, $245.00 from invoice No. 2467. 12 16 Purchased display cquipment on account from Well-Equip Co., invoice No. 42784, dated August 18, S1,754.50. 25 Purchased additional store supplies invoice No. 5182, datcd August 24, terms 2/10, n/30, $743.30. 19 on account from Genesis Co., Journalizing, recording, and posting a purchases iournal, as well as recording a debit memorandum and
P7-4B. Super Sweets of Edmonton, owned and operated by Sophia Blanca, uses a purchases journal (page 15) and a general journal (page 3) to record the following transactions (use separate columns for merchandise and supplies purchases in the purchases journal): 2022 5 Purchased merchandise on account from Bakker Co., invoice No. 2467, dated August 4, terms 2/10, n/60, $1,637.45. Aug. 9. Purchased merchandise on account from Holmes Co., invoice No. 1438, dated August 8, terms 2/10, n/60, $1,784.30. Purchased store supplies on account from Genesis Co., invoice No. 5031, dated August 12, S1,478.25. Issued debit memo No. 5 to Bakker Co. for merchandise returned, $245.00 from invoice No. 2467. 12 16 Purchased display cquipment on account from Well-Equip Co., invoice No. 42784, dated August 18, S1,754.50. 25 Purchased additional store supplies invoice No. 5182, datcd August 24, terms 2/10, n/30, $743.30. 19 on account from Genesis Co., Journalizing, recording, and posting a purchases iournal, as well as recording a debit memorandum and
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
![P7-4B. Super Sweets of Edmonton, owned and operated by Sophia Blanca,
uses a purchases journal (page 15) and a general journal (page 3) to record
the following transactions (use separate columns for merchandise and
supplies purchases in the purchases journal):
2022
5 Purchased merchandise on account from Bakker Co., invoice
No. 2467, dated August 4, terms 2/10, n/60, $1,637.45.
Purchased merchandise on account from Holmes Co., invoice
No. 1438, dated August 8, terms 2/10, n/60, S1,784.30.
Purchased store supplies on account from Genesis Co., invoice
No. 5031, dated August 12, S1,478.25.
Issued debit memo No. 5 to Bakker Co. for merchandise returned,
$245.00 from invoice No. 2467.
Purchased display equipment on account from Well-Equip Co.,
invoice No. 42784, dated August 18, S1,754.50.
Aug.
12
16
19
25
Purchased additional store supplies on account from Genesis Co.,
invoice No. 5182, dated August 24, terms 2/10, n/30, $743.30.
Journalizing, recording, and posting a purchases
iournal, as well as recording a delit memorandum and
710 PM](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7b4b5832-ca80-432d-a364-a9abcac6c1a9%2F65a88457-eb39-41e3-b5cf-174f52b8c9db%2Fgu6g20t_processed.jpeg&w=3840&q=75)
Transcribed Image Text:P7-4B. Super Sweets of Edmonton, owned and operated by Sophia Blanca,
uses a purchases journal (page 15) and a general journal (page 3) to record
the following transactions (use separate columns for merchandise and
supplies purchases in the purchases journal):
2022
5 Purchased merchandise on account from Bakker Co., invoice
No. 2467, dated August 4, terms 2/10, n/60, $1,637.45.
Purchased merchandise on account from Holmes Co., invoice
No. 1438, dated August 8, terms 2/10, n/60, S1,784.30.
Purchased store supplies on account from Genesis Co., invoice
No. 5031, dated August 12, S1,478.25.
Issued debit memo No. 5 to Bakker Co. for merchandise returned,
$245.00 from invoice No. 2467.
Purchased display equipment on account from Well-Equip Co.,
invoice No. 42784, dated August 18, S1,754.50.
Aug.
12
16
19
25
Purchased additional store supplies on account from Genesis Co.,
invoice No. 5182, dated August 24, terms 2/10, n/30, $743.30.
Journalizing, recording, and posting a purchases
iournal, as well as recording a delit memorandum and
710 PM
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