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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text: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, 51,100.
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, 51.200.
14 Bought store supplies on account from Ella Co., invoice No. 7186, dated
September 13, $1,100.
Rasheed Jones
Page 1
Purchases Journal
Accounts
Payable
Inventory
Sundry Dr.
Account
Inv.
Terms
PR
Cr.
Dr.
Account
PR
Amount
Date
Credited
No.
Sep.
9/10, n/30
9/10, n/30
30
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