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Question 3 Record the following transactions in the purchases journal: Feb. 2 Purchased inventory on account from Pinetop Inc. (vendor account number 3765), Purchase Order (PO) No. 12345 in the amount of RO3,456. Feb. 8 Purchased inventory on account from Sherwood Company (vendor account number 5461), PONo. 12346, in the amount of RO2,951. Feb. 12 Purchased inventory on account from Green Valley Inc. (vendor No.4653), PONo. 12347, in the amount of RO4,631.

Question 3 Record the following transactions in the purchases journal: Feb. 2 Purchased inventory on account from Pinetop Inc. (vendor account number 3765), Purchase Order (PO) No. 12345 in the amount of RO3,456. Feb. 8 Purchased inventory on account from Sherwood Company (vendor account number 5461), PONo. 12346, in the amount of RO2,951. Feb. 12 Purchased inventory on account from Green Valley Inc. (vendor No.4653), PONo. 12347, in the amount of RO4,631.

FINANCIAL ACCOUNTING
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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Question 3

  1. Record the following transactions in the purchases journal:

Feb. 2

Purchased inventory on account from Pinetop Inc. (vendor account number 3765), Purchase Order (PO) No. 12345 in the amount of RO3,456.

Feb. 8

Purchased inventory on account from Sherwood Company (vendor account number 5461), PONo. 12346, in the amount of RO2,951.

Feb. 12

Purchased inventory on account from Green Valley Inc. (vendor No.4653), PONo. 12347, in the amount of RO4,631.
   

 

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