The following purchase transactions occurred during October for NonStop Inc.: Oct. 6. Purchased office supplies for $310, on account from U-Save Supply Inc. 14. Purchased office equipment for $3,430, on account from Zell Computer Inc. 26. Purchased office supplies for $485, on account from U-Save Supply Inc. Record these transactions in the following purchases journal. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required". PURCHASES JOURNAL DATE Account Credited Post. Ref. Accounts Payable Cr. Office Supplies Dr. Other Accounts Dr. Post. Ref. Amount Oct. 6 U-Save Supply Inc. V No entry required v 14 Zell Computer Inc. V Office Equipment v 26 U-Save Supply Inc. V No entry required

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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Purchases Jourmal
The following purchase transactions occured during October for NonStop Inc.:
Oct. 6.
Purchased office supplies for $310, on account from U-Save Supply Inc.
14.
Purchased office equipment for $3,430, on account from Zell Computer Inc.
26.
Purchased office supplies for $485, on account from U-Save Supply Inc.
Record these transactions in the following purchases journal. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required".
PURCHASES JOURNAL
DATE
Account Credited
Post. Ref.
Accounts Payable Cr.
Office Supplies Dr.
Other Accounts Dr.
Post. Ref.
Amount
Oct. 6
U-Save Supply Inc. V
No entry required v
14
Zell Computer Inc.
Office Equipment v
26
U-Save Supply Inc. V
No entry required v
Foedback
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Transcribed Image Text:Purchases Jourmal The following purchase transactions occured during October for NonStop Inc.: Oct. 6. Purchased office supplies for $310, on account from U-Save Supply Inc. 14. Purchased office equipment for $3,430, on account from Zell Computer Inc. 26. Purchased office supplies for $485, on account from U-Save Supply Inc. Record these transactions in the following purchases journal. If an amount box does not require an entry, leave it blank. If no entry is required, select "No entry required". PURCHASES JOURNAL DATE Account Credited Post. Ref. Accounts Payable Cr. Office Supplies Dr. Other Accounts Dr. Post. Ref. Amount Oct. 6 U-Save Supply Inc. V No entry required v 14 Zell Computer Inc. Office Equipment v 26 U-Save Supply Inc. V No entry required v Foedback Check My Work All purchases on account are recorded in the purchases journal. Check y Work All work saved. Email Instructor Save and Ex 8
Print item
Segment Analysis
Verity Company does business in two customer segments: Retail and Wholesale. The following annual revenue information was determined from the accounting system's invoice informatiom
20Υ5
20Υ4
Retail
$145,400
$138,500
Wholesale
173,100
189,300
Total revenue
$318,500
$327,800
Prepare a horizontal analysis of the segments. Round percentages to one decimal place. Enter negative values as negative numbers.
Verity Company
Horizontal Analysis
For the Years 20Y4 and 20Y5
20Υ5
20Υ4
Difference - Amount Difference - Percent
Retail
$145,400 $138,500
0%
Wholesale
173,100 189,300
Total revenue $318,500 $327,800
Prepare a vertical analysis of the segments. If required, round percentages to one decimal place.
Verity Company
Vertical Analysis
For the Years 20Y4 and 20Y5
20Y5 Amount
20Y5 Percent
20Y4 Amount 20Y4 Percent
Retail
$145,000
$138,500
Wholesale
173,100
%
189,300
$327,800
Total revenue 5318,500
Check My Work
All work saved.
Ema instruo
Transcribed Image Text:Print item Segment Analysis Verity Company does business in two customer segments: Retail and Wholesale. The following annual revenue information was determined from the accounting system's invoice informatiom 20Υ5 20Υ4 Retail $145,400 $138,500 Wholesale 173,100 189,300 Total revenue $318,500 $327,800 Prepare a horizontal analysis of the segments. Round percentages to one decimal place. Enter negative values as negative numbers. Verity Company Horizontal Analysis For the Years 20Y4 and 20Y5 20Υ5 20Υ4 Difference - Amount Difference - Percent Retail $145,400 $138,500 0% Wholesale 173,100 189,300 Total revenue $318,500 $327,800 Prepare a vertical analysis of the segments. If required, round percentages to one decimal place. Verity Company Vertical Analysis For the Years 20Y4 and 20Y5 20Y5 Amount 20Y5 Percent 20Y4 Amount 20Y4 Percent Retail $145,000 $138,500 Wholesale 173,100 % 189,300 $327,800 Total revenue 5318,500 Check My Work All work saved. Ema instruo
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