As the accountant for Riley's Natural Food Store, (1) Journalize the following transactions into the general journal
Question:
As the accountant for Riley's Natural Food Store,
(1) Journalize the following transactions into the general journal (p. 2),
(2) Record and post as appropriate, and
(3) Prepare a schedule of accounts payable. If using working papers, be sure to put in the following balances: Aris Co., $350; Brown Co., $800; Moose Co., $1,350; Ready Co., $700; Accounts Payable, $3,200; Purchases, $19,000. Use the periodic method.
201X
April 8
Purchased $750 of merchandise on account from Aris Co., invoice no. 400, dated April 9; terms 5/10, n/60.
10 Purchased $1,350 of merchandise on account from Brown Co., invoice no. 420, dated April 11; terms 5/10, n/60.
12 Purchased $400 of store supplies on account from Moose Co., invoice no. 510, dated April 13.
14 Issued debit memo no. 8 to Aris Co. for merchandise returned, $300, from invoice no. 400.
17 Purchased $640 of office equipment on account from Ready Co., invoice no. 810, dated April 18.
24 Purchased $850 of additional store supplies on account from Moose Co., invoice no. 516, dated April 25; terms 5/10, n/30.
Step by Step Answer:
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater