Prepare Journal Entries in a Purchases Journal Guardian Services Inc. had the following transactions during the month of April: Apr. 4. Purchased office supplies from Officemate, Inc. on account, $390. Apr. 9. Purchased office equipment, Inc. on account from Tek Village Inc., $1,540. Apr. 16. Purchased office supplies from Officemate, Inc. on account, $110. Apr. 19. Purchased office supplies from Paper-to-Go Inc. on account, $160. Apr. 27. Paid invoice on April 4 purchase from Officemate, Inc. a. Prepare a purchases journal to record the April purchase transactions for Guardian Services Inc. If an amount box does not require an entry, leave it blank. If no entry is required in "Other Accounts Dr." then select "No entry required". PURCHASES JOURNAL DATE Account Credited Post. Ref. Accounts Payable Cr. Office Supplies Dr. Other Accounts Dr. Post. Ref. Amount Apr. 4 Apr. 9 Apr. 16 Apr. 19 Apr. 30 Total b. What is the total amount posted to the accounts payable and office supplies accounts from the purchases journal for April? Credit to Accounts Payable $ Debit to Office Supplies $ c. What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?$
Prepare Journal Entries in a Purchases Journal Guardian Services Inc. had the following transactions during the month of April: Apr. 4. Purchased office supplies from Officemate, Inc. on account, $390. Apr. 9. Purchased office equipment, Inc. on account from Tek Village Inc., $1,540. Apr. 16. Purchased office supplies from Officemate, Inc. on account, $110. Apr. 19. Purchased office supplies from Paper-to-Go Inc. on account, $160. Apr. 27. Paid invoice on April 4 purchase from Officemate, Inc. a. Prepare a purchases journal to record the April purchase transactions for Guardian Services Inc. If an amount box does not require an entry, leave it blank. If no entry is required in "Other Accounts Dr." then select "No entry required". PURCHASES JOURNAL DATE Account Credited Post. Ref. Accounts Payable Cr. Office Supplies Dr. Other Accounts Dr. Post. Ref. Amount Apr. 4 Apr. 9 Apr. 16 Apr. 19 Apr. 30 Total b. What is the total amount posted to the accounts payable and office supplies accounts from the purchases journal for April? Credit to Accounts Payable $ Debit to Office Supplies $ c. What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?$
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Guardian Services Inc. had the following transactions during the month of April:
Apr. 4. | Purchased office supplies from Officemate, Inc. on account, $390. |
Apr. 9. | Purchased office equipment, Inc. on account from Tek Village Inc., $1,540. |
Apr. 16. | Purchased office supplies from Officemate, Inc. on account, $110. |
Apr. 19. | Purchased office supplies from Paper-to-Go Inc. on account, $160. |
Apr. 27. | Paid invoice on April 4 purchase from Officemate, Inc. |
a. Prepare a purchases journal to record the April purchase transactions for Guardian Services Inc. If an amount box does not require an entry, leave it blank.
If no entry is required in "Other Accounts Dr." then select "No entry required".
PURCHASES JOURNAL | |||||||
DATE | Account Credited | Post. Ref. | Accounts Payable Cr. | Office Supplies Dr. | Other Accounts Dr. | Post. Ref. | Amount |
Apr. 4 | |||||||
Apr. 9 | |||||||
Apr. 16 | |||||||
Apr. 19 | |||||||
Apr. 30 | Total |
b. What is the total amount posted to the accounts payable and office supplies accounts from the purchases journal for April?
Credit to Accounts Payable | $ |
Debit to Office Supplies | $ |
c. What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?
$
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