Recording purchases in a purchases journal Account for the following purchases in a purchases journal using Accounts

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Recording purchases in a purchases journal Account for the following purchases in a purchases journal using Accounts Payable (acct. #207), Purchases (acct. #502), and Transportation-In (acct. #503). (Use the chapter demonstration problem as a guide.)
Dec.3 Purchase \($850\) in merchandise from Camille Inc., credit terms n/30; invoice date 12/2, freight \($72.\)
Dec.7 Purchase \($1,600\) in merchandise from Travis Inc., credit terms 2/10, n/30; invoice date 12/5, freight \($162.\)
Dec.9 Purchase \($65\) in merchandise from Braden Inc., credit terms n/30; invoice date 12/8, freight \($9.\)
Dec.13 Purchase \($2,750\) in merchandise from Camille Inc., credit terms n/30; invoice date 12/12, freight \($117.\)
Dec.14 Purchase \($162\) in merchandise from Braden Inc., credit terms 2/10, n/30; invoice date 12/14, freight \($33.\)
Dec.19\) Purchase \($966\) in merchandise from Derek Supply Co., credit terms 2/10, n/30; invoice date 12/19, freight \($67.\)


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College Accounting Ch 1-14

ISBN: 9780073346892

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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