Gomes Company uses special journals and a general journal. The following transactions occurred during September 2022. Sept.
Question:
Gomes Company uses special journals and a general journal. The following transactions occurred during September 2022.
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 offi ce 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 10.16) and a single-column purchases journal (see Illustration 10.8). (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.
Step by Step Answer:
College Accounting
ISBN: 1986
1st Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell