Concept explainers
PURCHASES TRANSACTIONS Ann Benton, owner of Benton’s Galleria, made the following purchases of merchandise on account during the month of October:
Oct. 2 Purchase Invoice No. 321, $1,950, from Boggs Distributors.
7 Purchase Invoice No. 152, $2,915, from Wolfs Wholesaler.
10 Purchase Invoice No. 634, $3,565, from Komuro & Co.
16 Purchase Invoice No. 349, $2,845, from Fritz & McCord, Inc.
24 Purchase Invoice No. 587, $3,370, from Boggs Distributors.
26 Purchase Invoice No. 764, $2,240, from Sanderson Company.
31 Purchase Invoice No. 672, $1,630, from Wolfs Wholesaler.
Required
- 1. Record the transactions starting with page 16 of a general journal.
- 2. Post from the general journal to the general ledger accounts and to the accounts payable ledger accounts. Use general ledger account numbers as shown in the chapter.
Trending nowThis is a popular solution!
Chapter 11 Solutions
Bundle: College Accounting, Chapters 1-9, Loose-Leaf Version, 22nd + LMS Integrated for CengageNOWv2, 2 terms Printed Access Card for Heintz/Parry's College Accounting, Chapters 1-27, 22nd
- College Accounting, Chapters 1-27AccountingISBN:9781337794756Author:HEINTZ, James A.Publisher:Cengage Learning,Financial Accounting: The Impact on Decision Make...AccountingISBN:9781305654174Author:Gary A. Porter, Curtis L. NortonPublisher:Cengage LearningCollege Accounting (Book Only): A Career ApproachAccountingISBN:9781305084087Author:Cathy J. ScottPublisher:Cengage Learning
- College Accounting (Book Only): A Career ApproachAccountingISBN:9781337280570Author:Scott, Cathy J.Publisher:South-Western College PubPrinciples of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax CollegeCentury 21 Accounting Multicolumn JournalAccountingISBN:9781337679503Author:GilbertsonPublisher:Cengage