The Design Den, a retail merchandising business, uses special journals. On page 3 of the purchases journal
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The Design Den, a retail merchandising business, uses special journals. On page 3 of the purchases journal in the working papers, record the following purchases:
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Date Transactions Feb. 1 Purchased $1,400 in merchandise on account from Woodstock Furnishings, terms 3/15, n/30, Invoice WF39. 2 Bought $900 in store equipment on account from Holmes Equipment Company, terms n/30, Invoice 98. 4 Purchased $700 in merchandise from Fuller Fabrics, terms 3/10, n/30, Invoice 72. 7 Purchased computer speakers on account for $50 from Digital Solutions, terms 2/10, n/30, Invoice AB220. 10 Purchased fabric from Valley Upholstery for $1,500, terms 2/10, n/30, Invoice 947.
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