The purchases journal of Ryan's Rats Nest, a small retail business, is as follows: REQUIRED 1. Post
Question:
The purchases journal of Ryan's Rats Nest, a small retail business, is as follows:
REQUIRED
1. Post the total of the purchases journal to the appropriate general ledger accounts. Use account numbers as shown in the chapter.
2. Post the individual purchase amounts to the accounts payableledger.
Transcribed Image Text:
PURCHASES JOURNAL PAGE 1 PURCHASES DEBIT/ACCOUNTS PAYABLE CREDIT INVOKE NO. POSE. FROM WHOM PURCHASED DATE REE. 20- 121 Sandra's Sweets 641 Amelia & Vincente 215 Nobuko's Nature Store 4 490 59 20 00 2 2680 00 3 6 5 6 0 00 4 Jan. 3 227 Smith and Johnson Company 15 4 933 Hidemi, Inc. 21 1890 00 650 Amelia & Vincente 30 6. 6. 22 8 40 00
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (20 reviews)
1 2 ACCOUNT Accounts Payable ...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
The purchases journal of Kevin's Kettle, a small retail business, is as follows: REQUIRED 1. Post the total of the purchases journal to the appropriate general ledger accounts. Use account numbers as...
-
The purchases journal of NorthEastern Publishing Company follows. Requirements 1. Total each column of the purchases journal. 2. Open four-column ledger accounts for Merchandise Inventory (118),...
-
The purchases journal of NorthEastern Publishing Company follows. Requirements: Total each column of the purchases journal. Open four-column ledger accounts for Merchandise Inventory (118), Office...
-
4. Apple Inc. is a US-based technology company that plans to invest in a new research and development center in Europe and aims to raise the required funds as follows: < < - - A bond issue of...
-
Journ Co. purchased short-term investments in available-for-sale securities at a cost of $50,000 cash on November 25, 2017. At December 31, 2017, these securities had a fair value of $47,000. This is...
-
Which alkyl halide in each of the following pairs will react faster in an S N 2 reaction with OH - ? (a) Bromobenzene or benzyl bromide, C 6 H 5 CH 2 Br (b) CH 3 Cl or (CH 3 ) 3 CCl (c) CH 3 CH=CHBr...
-
Show that the Stefan-Maxwell model can be rearranged to define a pseudo-binary diffusivity, \(D_{i \mathrm{~m}}\), for species \(i\) in the mixture: \[\frac{1}{D_{i...
-
Pearson Company owns 90% of the outstanding common stock of Spring Company. On January 1, 2011, Spring Company sold equipment to Pearson Company for $200,000. Spring Company had purchased the...
-
How do you evaluate Tesla considering Triodos's minimum standards? What is your assessment of Tesla based on those standards? What are the material ESG risks and opportunities for Tesla? Explain the...
-
Referring to the bookstore data table of Exercise 2, a) For each variable, would you describe it as primarily categorical or quantitative? If quantitative, what are the units? If categorical, is it...
-
Ann Benton, owner of Benton's Galleria, made the following purchases of merchandise on account during the month of October: Oct. 2 Purchase Invoice No. 321, $1,950, from Boggs Distributors. 7...
-
Kay Zembrowski operates a retail variety store. The books include a cash payments journal and an accounts payable ledger. All cash payments (except petty cash) are entered in the cash payments...
-
The data from exercise 3 follow. Develop the 95% confidence and prediction intervals when x = 12. Explain why these two intervals aredifferent. x, 2 6 9 13 20 Vi 7 18 9 26 23
-
A single-owner firm faces a two-period planning problem with the transformation curve ????1^2 + ????2^2 =8 and initial resources equalling 1. Assume the market interest rate is 5%. Work out the...
-
What can Flipkart do to manage sustained growth in the Industry?
-
What is the economic outlook? Are there wage and price controls? What are the laws concerning hiring or firing? Is there a black market? What is the physical infrastructure like? How extensive is the...
-
Jenny is a scientist who has a clause in her contract that says she will not work for anyone for 6 months in "any capacity" In this case, how should the court decide? Which law is used? Are there...
-
Define and state the importance of the following: 1) Growth stock 2) Black's Capital Asset Pricing Model 3) IPO Waves 4) The Liquigas Fallacy 5) 3Com-Palm Puzzle
-
You should be able to say in your own words what each of the following key terms means. Test yourself or ask a colleague to test you. Shareholder value Corporate social responsibility Sustainability...
-
In the operation of an automated production line with storage buffers, what does it mean if a buffer is nearly always empty or nearly always full?
-
Use the Squeeze Theorem to evaluate by verifying the given inequality. lim an n
-
Use transaction analysis charts to analyze the following adjustments: a. Amortization on equipment, $600 b. Rent expired, $400
-
From the following adjustment data, calculate the adjustment amount and record appropriate debits or credits: a. Supplies purchased, $700; Supplies on hand, $200 b. Store equipment, $12,000;...
-
From the following trial balance and adjustment data, complete a worksheet for J. Trent as of December 31, 2014: a. Amortization expense, store equipment, $2.00 b. Insurance expired, $1.00 c. Store...
-
describe the corporation j McIntyre machinery and its activities or contacts with he unites states.
-
Polly's Pet products has a balance sheet and a statement of cash flow. In the balance sheet the value of cash under current assets is missing. How can I find the value for cash using the statement of...
-
Match the action to the correct corresponding step of the accounting cycle. Record transactions in journals. Analyze source documents. Take a trial balance. Analyze financial statements. Transfer...
Study smarter with the SolutionInn App