The following purchase transactions occurred during August for Backcountry Kayak Excursions. Aug 1 Purchased Kevlar kayaks (equipment) for $429 on account from Gear Inc. Aug 6 Purchased kayak paddles (supplies) for $674 on account from Southland Co. Aug 14 Purchased life vests (supplies) for $3,749 on account from Gear Inc. Record these transactions in a purchases journal. If no entry is required, select "no entry" from the dropdown box. If an amount box does not require an entry, leave it blank. Purchases Journal Page 1 Date Account Credited Post Ref Accounts Payable Cr. Supplies Dr. Other Accounts Dr. Post. Ref. Amount Aug 1 14

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question
The following purchase transactions occurred during August for Backcountry Kayak Excursions.
Aug 1 Purchased Kevlar kayaks (equipment) for $429 on account from Gear Inc.
Aug 6 Purchased kayak paddles (supplies) for $674 on account from Southland Co.
Aug 14 Purchased life vests (supplies) for $3,749 on account from Gear Inc.
Record these transactions in a purchases journal. If no entry is required, select "no entry" from the dropdown box. If an amount box
does not require an entry, leave it blank.
Purchases Journal
Page 1
Date
Account Credited Post Ref Accounts Payable Cr. Supplies Dr. other Accounts Dr. Post. Ref. Amount
Aug 1
6
14
Transcribed Image Text:The following purchase transactions occurred during August for Backcountry Kayak Excursions. Aug 1 Purchased Kevlar kayaks (equipment) for $429 on account from Gear Inc. Aug 6 Purchased kayak paddles (supplies) for $674 on account from Southland Co. Aug 14 Purchased life vests (supplies) for $3,749 on account from Gear Inc. Record these transactions in a purchases journal. If no entry is required, select "no entry" from the dropdown box. If an amount box does not require an entry, leave it blank. Purchases Journal Page 1 Date Account Credited Post Ref Accounts Payable Cr. Supplies Dr. other Accounts Dr. Post. Ref. Amount Aug 1 6 14
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Completing the Accounting Cycle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education