Problem 7-6. Rasheed Jones recently opened a specialty food store in Branford. As the bookkeeper ofhis shop, journalize the following transactions in the purchases journal provided below (accountnumbers are Inventory 115, Store Supplies 130; Store Equipment 151: Accounts Payable 210).2023September 3Bought merchandise on account from Ella Co, invoice No. 7041, datedSeptember 3, terms 9/10, n/30, 51,100.Bought store equipment on account from Noss Co., invoice No. 672, datedSeptember 4, $3.500.8 Bought merchandise on account from Altware Co., invoice No. 3710, datedSeptember 7, terms 9/10, n/30, 51.200.14 Bought store supplies on account from Ella Co., invoice No. 7186, datedSeptember 13, $1,100.Rasheed JonesPage 1Purchases JournalAccountsPayableInventorySundry Dr.AccountInv.TermsPRCr.Dr.AccountPRAmountDateCreditedNo.Sep.9/10, n/309/10, n/3030

The question is based on the concept of Financial Accounting.

Problem 7-6. Rasheed Jones recently opened a specialty food store in Branford. As the bookkeeper of his shop, journalize the following transactions in the purchases journal provided below (account numbers are Inventory 115, Store Supplies 130; Store Equipment 151; Accounts Payable 210). 2023 September 3 Bought merchandise on account from Ella Co, invoice No. 7041, dated September 3, terms 9/10, n/30, $1,100. 4 Bought store equipment on account from Noss Co., invoice No. 672, dated September 4, $3,500. 8 Bought merchandise on account from Altware Co., invoice No. 3710, dated September 7, terms 9/10, n/30, $1,200. 14 Bought store supplies on account from Ella Co., invoice No. 7186, dated September 13, $1,100.

Problem 7-6. Rasheed Jones recently opened a specialty food store in Branford. As the bookkeeper of his shop, journalize the following transactions in the purchases journal provided below (account numbers are Inventory 115, Store Supplies 130; Store Equipment 151; Accounts Payable 210). 2023 September 3 Bought merchandise on account from Ella Co, invoice No. 7041, dated September 3, terms 9/10, n/30, $1,100. 4 Bought store equipment on account from Noss Co., invoice No. 672, dated September 4, $3,500. 8 Bought merchandise on account from Altware Co., invoice No. 3710, dated September 7, terms 9/10, n/30, $1,200. 14 Bought store supplies on account from Ella Co., invoice No. 7186, dated September 13, $1,100.

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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