Question

Gomes Company uses special journals and a general journal. The following transactions occurred during September 2014.
Sept. 2 Sold merchandise on account to H. Drew, invoice no. 101, $620, terms n/30.
The cost of the merchandise sold was $420.
10 Purchased merchandise on account from A. Pagan $650, terms 2/10, n/30.
12 Purchased office equipment on account from R. Cairo $6,500.
21 Sold merchandise on account to G. Holliday, invoice no. 102 for $800, terms
2/10, n/30. The cost of the merchandise sold was $480.
25 Purchased merchandise on account from D. Downs $860, terms n/30.
27 Sold merchandise to S. Miller for $700 cash. The cost of the merchandise sold was $400.

Instructions
(a) Prepare a sales journal (see Illustration 7-7) and a single-column purchases journal (see Illustration 7-13). (Use page 1 for each journal.)
(b) Record the transaction(s) for September that should be journalized in the sales journal and the purchases journal.



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  • CreatedJanuary 30, 2014
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