Compute the balances on each of the forms in figure 5 starting below. Enter the transactions in the purchases invoice register figure 6. Use 05011 as the account number for purchases discount and 05012 for purchases returns and allowances.

The items in invoice 112 are not for resale. All purchases listed are for manufacturing use except those on purchase invoice 112.

Thank you.

Please read each questions carefully and please give me all the correct answers with step by step solution. Thank you.

Figure 6 Purchase invoice register

Figure 6 Continue

Questions.

Please read each questions carefully and please give me all the correct answers with step by step solution. Thank you.

9) What amount should be debited to Accounts Payable from credit memo no. 24?

A)$110.45

B)$114.95

C)$2.25

D)$112.70

6)What Amount should be credited to purchases Returns and Allowances from credit memo no. 24?

A)$112.70

B)$110.45

C)$2.25

D)$114.95

5) What`s the total of the Purchases-Resale column, Account 501, in the purchase invoice register?

A)$10,271.24

B)$10,048.09

C)$9,898.71

D)$10,158.54

12) What`s the total of the Accounts Payable column, Accounts 201, in the purchase invoice register?

A)$10,271.24

B)$10,048.09

C)$10,466.38

D)$10,158.54
 
 
 
 
 

Transcribed Image Text:

Purchase Invoice Date No. Purchase Information Gladstone Manufacturing Company 5/01 107 2%/10-net 30 1,053 brackets @ .46 each $ 484.38 945 bushings @ .035 each 1,130 washers @ .001 each $ 33.08 $1.13 FIGURE 5-Purchase Invoices and Credit Memo $ 518.59 $ 31.12 $549.71 Purchase Invoice Date No. Purchase Information Gladstone Manufacturing Company 5/01 107 2%/10-net 30 1,053 brackets @ .46 each $ 484.38 945 bushings @ .035 each 1,130 washers @ .001 each $ 33.08 $1.13 FIGURE 5-Purchase Invoices and Credit Memo $ 518.59 $ 31.12 $549.71

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