Ely Goldman recently opened a specialty food store in Brantford. As the bookkeeper of his shop, journalize,
Question:
Ely Goldman recently opened a specialty food store in Brantford. As the bookkeeper of his shop, journalize, record, and post when appropriate the following transactions (account numbers are Inventory, 115; Store Supplies, 130; Store Equipment, 151; Accounts Payable, 210):
2020
June 3 Bought merchandise on account from Bennet Co., invoice No. 7041, dated June 3, terms 2/10, n/30, $1,640.
4 Bought store equipment on account from Frank Co., invoice No. 672, dated June 4, $2,960.
8 Bought merchandise on account from Beamer Co., invoice No. 3710, dated June 7, terms 2/10, n/30, $1,470.
14 Bought store supplies on account from Bennet Co., invoice No. 7186, dated June 13, $950.
Step by Step Answer:
College Accounting A Practical Approach
ISBN: 978-0134166698
13th Canadian edition
Authors: Jeffrey Slater, Debra Good