Use the transactions to fill in the plank chart of purchases. I’ve also wrote them below:Transactions:August;Purchased $1,500.00 in merchandise on account from Beads R Us, invoice 158.Bought a new computer on account from Best Buy for $1,600.00, invoice 822.Purchased gems (merchandise) from The Gem Mine for $1,100.00 on account, terms 2/15, n/30, invoicePurchased $525.00 in pens and paper from Staples on account, terms n/30, invoice 28.Bought an office desk on account from Office Depot for $750.00, invoice 76.Bought merchandise on account from The Gem Mine for $5,000.00, terms 2/15, n/30, invoice 282.Purchases HThe following transactions took place during August of the current year. Please complete the Purchases Journal.Total credits should be equal to total debits.Transactions:1 Purchased $1,500.00 in merchandise on account from Beads R Us, invoice 158.7 Bought a new computer on account from Best Buy for $1,600.00, invoice 822.10 Purchased gems (merchandise) from The Gem Mine for $1,100.00 on account, terms 2/15, n/30, invoice 263.14 Purchased $525.00 in pens and paper from Staples on account, terms n/30, invoice 28.22 Bought an office desk on account from Office Depot for $750.00, invoice 76.30 Bought merchandise on account from The Gem Mine for $5,000.00, terms 2/15, n/30, invoice 282.PurchasesGeneralAccountsPurchasesPOSTInvoice POSTAccount CreditedPayable CreditDebitREF.Account Debitedate%#3REF. PurchasesGeneralInvoice POSTAccountsPurchasesPOSTDate23REF.Account CreditedPayable CreditDebitREF.Account DebitedDebitTotal DebitsTotal CreditskamplePurchases Journal

The purchases journal is a special journal prepared to record all the information related to goods

Answered: The following transactions took place…

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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Use the transactions to fill in the plank chart of purchases. I’ve also wrote them below: Transactions: August; Purchased $1,500.00 in merchandise on account from Beads R Us, invoice 158. Bought a new computer on account from Best Buy for $1,600.00, invoice 822. Purchased gems (merchandise) from The Gem Mine for $1,100.00 on account, terms 2/15, n/30, invoice Purchased $525.00 in pens and paper from Staples on account, terms n/30, invoice 28. Bought an office desk on account from Office Depot for $750.00, invoice 76. Bought merchandise on account from The Gem Mine for $5,000.00, terms 2/15, n/30, invoice 282. Purchases

H
The following transactions took place during August of the current year. Please complete the Purchases Journal.
Total credits should be equal to total debits.
Transactions:
1 Purchased $1,500.00 in merchandise on account from Beads R Us, invoice 158.
7 Bought a new computer on account from Best Buy for $1,600.00, invoice 822.
10 Purchased gems (merchandise) from The Gem Mine for $1,100.00 on account, terms 2/15, n/30, invoice 263.
14 Purchased $525.00 in pens and paper from Staples on account, terms n/30, invoice 28.
22 Bought an office desk on account from Office Depot for $750.00, invoice 76.
30 Bought merchandise on account from The Gem Mine for $5,000.00, terms 2/15, n/30, invoice 282.
Purchases
General
Accounts
Purchases
POST
Invoice POST
Account Credited
Payable Credit
Debit
REF.
Account Debited
ate
%#3
REF.

Purchases
General
Invoice POST
Accounts
Purchases
POST
Date
23
REF.
Account Credited
Payable Credit
Debit
REF.
Account Debited
Debit
Total Debits
Total Credits
kample
Purchases Journal

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