Purchases and Cash Payments Journals Transactions related to purchases and cash payments completed by Wisk Away Cleaning Services Inc. during the month of May 20Y5 are as follows: May 1.   Issued Check No. 57 to Bio Safe Supplies Inc. in payment of account, $345. May 3.   Purchased cleaning supplies on account from Brite N’ Shine Products Inc., $200. May 8.   Issued Check No. 58 to purchase equipment from Carson Equipment Sales, $2,860. May 12.   Purchased cleaning supplies on account from Porter Products Inc., $360. May 15.   Issued Check No. 59 to Bowman Electrical Service in payment of account, $145. May 18.   Purchased supplies on account from Bio Safe Supplies Inc., $240. May 20.   Purchased electrical repair services from Bowman Electrical Service on account, $110. May 26.   Issued Check No. 60 to Brite N’ Shine Products Inc. in payment of May 3 invoice. May 31.   Issued Check No. 61 in payment of salaries, $5,600. Wisk Away Cleaning Services Inc. uses the following accounts: Cash 11 Cleaning Supplies 14 Equipment 18 Accounts Payable 21 Salary Expense 51 Electrical Service Expense 53 Prepare a purchases journal and a cash payments journal to record the above transactions in chronological order. If an amount box does not require an entry, leave it blank and select "No entry required" from the dropdown. If no entry is required in "Other Accounts Dr." then select "No entry required".

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Purchases and Cash Payments Journals

Transactions related to purchases and cash payments completed by Wisk Away Cleaning Services Inc. during the month of May 20Y5 are as follows:

May 1.   Issued Check No. 57 to Bio Safe Supplies Inc. in payment of account, $345.
May 3.   Purchased cleaning supplies on account from Brite N’ Shine Products Inc., $200.
May 8.   Issued Check No. 58 to purchase equipment from Carson Equipment Sales, $2,860.
May 12.   Purchased cleaning supplies on account from Porter Products Inc., $360.
May 15.   Issued Check No. 59 to Bowman Electrical Service in payment of account, $145.
May 18.   Purchased supplies on account from Bio Safe Supplies Inc., $240.
May 20.   Purchased electrical repair services from Bowman Electrical Service on account, $110.
May 26.   Issued Check No. 60 to Brite N’ Shine Products Inc. in payment of May 3 invoice.
May 31.   Issued Check No. 61 in payment of salaries, $5,600.

Wisk Away Cleaning Services Inc. uses the following accounts:

Cash 11
Cleaning Supplies 14
Equipment 18
Accounts Payable 21
Salary Expense 51
Electrical Service Expense 53

Prepare a purchases journal and a cash payments journal to record the above transactions in chronological order. If an amount box does not require an entry, leave it blank and select "No entry required" from the dropdown.

If no entry is required in "Other Accounts Dr." then select "No entry required".

PURCHASES JOURNAL
РAGE 36
DATE
Account Credited
Post. Ref.
Accounts Payable Cr.
Cleaning Supplies Dr.
Other Accounts Dr.
Post. Ref.
Amount
20Y5
May 31
Total
CASH PAYMENTS JOURNAL
PAGE 41
DATE
Ck. No.
Account Debited
Post. Ref.
Other Accounts Dr.
Accounts Payable Dr.
Cash Cr.
20Y5
May 31
Total
11
Transcribed Image Text:PURCHASES JOURNAL РAGE 36 DATE Account Credited Post. Ref. Accounts Payable Cr. Cleaning Supplies Dr. Other Accounts Dr. Post. Ref. Amount 20Y5 May 31 Total CASH PAYMENTS JOURNAL PAGE 41 DATE Ck. No. Account Debited Post. Ref. Other Accounts Dr. Accounts Payable Dr. Cash Cr. 20Y5 May 31 Total 11
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