Tim Simpluton owns a variety store called Tiny Tim Center, Journalize the following purchases of inventory, returns, and discounts for the month of November. Use the pross price method 5 10 11 Nov. 1 Purchased $4,000 of merchandise from Hilltop Caterers on account, Invoice 1234, with a 10% trade discount Credit torms 2/10, 1/30. 1 Peldcent for the month of November. Issued Check 5142 for $1,400 Purchased merchandise from Owen's Supply Co. Issued Check 5143 for $1,750. 2 Purchased $3,400 of merchandise from Seaside Co. on account, Invoice 7438. Credit terms 1/15, 130 Returned $500 of the merchandise from Seaside Co. Received Credit Memo 131. Paid Invoice 1234 to Hilltop Caterers. Issued Check 5144 for $3,528. 12 Purchased 54,700 of merchandise (included 5200 freight) from Winding Willow Co. on account, Invoice 5139. Credit terms 3/15, 130, FOB shipping point 17 Purchased $320 of office supplies from Turnkey Co. on account, Invoice 8320. Credit terms 2/10, 1/30 Paid Invoice 7438 to Seaside Co. Issued Check 5145 for $2,871 27 Paid Invoice 5139 to Winding Willow Co. Issued Check 5146 for $4,565. If an amount box does not require an entry, leave it blank Page 1 DESCRIPTION POST DEBIT REF. CREDIT Purchases 2 Accounts Payable/Hilltop Caterers Nov. 1 Rent Expense DATE 1 Nov 1 3.600 1 3.600 2 3 4 Cash 4 5 Nov.5 Purchases 5 6 6 7 Nov. 7 Purchases 7 Previous Next 4 4 Cash Purchases S Nov. 5 5 6 6 12 Nov. 7 Purchases 7 8 9 Nov. 10 9 10 10 11 Nov. 11 11 12 12 13 13 14 Nov. 12 15 15 16 16 17 Nov. 17 17 18 18 19 Nov 22 19 20 20 21 21 22 22 Nov. 27 23 23 24 24 Previous Next