Becky owns a shoe shop. During May 2014 she received the following purchase invoices. Prepare the following
Question:
Becky owns a shoe shop. During May 2014 she received the following purchase invoices.
Prepare the following accounting records to record these transactions:
• Purchases journal
• Trade payable accounts in the purchases ledger
• Purchases account in the general ledger.
Transcribed Image Text:
3 invoice 2730 Purchase invoice received from Whiteford Ltd for $1 230 May 11 Invoice 9702 Purchase invoice received from P Sackley for $2 720 24 Invoice 1818 Purchase invoice received from A Hereton for $990 27 Invaice 2823 Purchase invoice received from Whiteford Ltd for $2 440
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
Purchases Journal Date Invoice No Supplier Amount ...View the full answer
Answered By
Chandrasekhar Karri
I have tutored students in accounting at the high school and college levels. I have developed strong teaching methods, which allow me to effectively explain complex accounting concepts to students. Additionally, I am committed to helping students reach their academic goals and providing them with the necessary tools to succeed.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Question Posted:
Students also viewed these Business questions
-
Prepare the journal entries to record these transactions on Allied Companys books using a periodic inventory system. (a) On March 2, Allied Company purchased $1,000,000 of merchandise from B....
-
Prepare the journal entries to record these transactions on Koeller Companys books using a periodic inventory system. (a) On March 2, Koeller Company purchased $800,000 of merchandise from Reeves...
-
Prepare the journal entries to record these transactions on Jerel Companys books using a periodic inventory system. (a) On March 2, Jerel Company purchased $900,000 of merchandise from McNeal...
-
On January 1, 2021, Access IT Company exchanged $980,000 for 40 percent of the outstanding voting stock of Net Connect. Especially attractive to Access IT was a research project underway at Net...
-
Write the chemical equation that represents the dissociation of (NH4)2S.
-
For the year ending March 31, 2013, Omega Systems Inc. reported net income of $105,450 and paid dividends of $7,500. Comparative balance sheets as of March 31, 2013 and 2012, are as follows:...
-
Describe the accounting treatment for a forward exchange contract where there is no hedging relationship.
-
The pretax financial income (or loss) figures for Metals, Inc. are as follows. 2011 .........$ 90,000 2012 ......... 65,000 2013 ......... 40,000 2014 ......... (230,000) 2015 ......... 70,000 2016...
-
1. If the wavelength of a-line of Lyman series in hydrogen atom is , find the wavelength of -line of Paschen series. 3256 (b) 36x5 22 (c) 3522 26 (d) 32 x5 26 2. If temperature of a liquid is...
-
Rancho Santa Fe Manufacturing, Inc., produces and sells a product with a price of $100 per unit. The following cost data have been prepared for its estimated upper and lower limits of activity:...
-
Prepare a trial balance Salim runs a business selling books. He has extracted a trial balance at 30 April 2014 but has not yet included the following balances. Required Complete the trial balance...
-
Faye is a florist. The following information is available for the year ended 30 November 2014. Prepare the trading section of an income statement for the year ended 30 November 2014. $ Inventory at 1...
-
Why is it important to balance time-based competition and design?
-
A functional behavioural assessment sometimes does not give us the entire picture. What else could be influencing the person you support? Complete the systems document based on Uri Bronfenbrenner's...
-
Explain the basis and criteria that should be considered to determine the optimum level of inventories?
-
A student with a specific learning disability and speech or language impairment, .what could be What are the student's academic, developmental, and functional strengths, interest areas, significant...
-
Watch the YouTube video of the Scott Peterson interview at https://www.youtube.com/watch?v=2ycm-E7lQwA Explain whether or not you notice any body language or other nonverbal cues that relate to his...
-
Problem 1: Consider the following Huffman coding table. Huffman Code 00 11 010 0110 0111 1000 Character A E T CL SR 1011 10010 10011 1 101000 N 101001 F 101010 H D 2 x 5 10 points 101011 Based on...
-
What stereoisomers would you expect to obtain from each of the following reactions? a. b. c. d. e. f. CH,CH CHs Br2 CH2C2 CH3 CH2CH3 CHCH CH Pt/c H3C CH2CH3 Br2 CH2Cl2 CH3 CH CH2C2 CH CH2CH H2 Pt/C...
-
A firm offers two products for sale. The marginal cost of one product is new zero once the first unit has been produced. The marginal cost of the other product rises as output rises. What would be...
-
Discuss the life cycle of a product in terms of its probable impact on a manufacturers marketing mix. Illustrate using personal computers.
-
What characteristics of a new product will help it to move through the early stages of the product life cycle more quickly? Briefly discuss each characteristic illustrating with a product of your...
-
What is a new product? Illustrate your answer.
-
1. Diffusion is the random motion of small particles observed in fluids. It is an outcome of the thermal forces balanced by viscous friction and the coefficient of diffusion, D, which determines the...
-
A family goes on vacation for one week but forgets to turn off an electric fan that consumes electricity at the rate of 2 1 0 . 3 W . If the cost of electricity is 1 2 . 4 / kW h how much does it...
-
3) A hammer (shown below) is thrown so that it rotates as it travels. The head of the hammer 1.2 kg, and the handle is .5kg. How far from the base of the hammer (the end farthest from the hammer's...
Study smarter with the SolutionInn App