Oct. 1 Purchased merchandise inventory on account with credit terms of 1/10, n/30 from Milk Co., $2,100.
Question:
11 Purchased office supplies on account from Borris Co., $250. Terms were n/EOM.
24 Purchased furniture on account with credit terms of 2/10, n/60 from Slip Co., $1,700.
Use the following purchases journal to record the preceding transactions.
Transcribed Image Text:
Purchases Journal Page 6 Other Accounts DR Vendor Post. Accounts Merchandise Office Account Post Date Account Credited Terms Ref. Payable CR Inventory DR Supplies DR Title Ref. Amount 2016
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This journal shows totals and posting references that are required in Short Exercise ...View the full answer
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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