Davis Parts Shop, Inc., uses a large amount of supplies in its business. The following table summarizes selected transaction data for supplies that Davis Parts Shop purchased:

Determine the total purchases of supplies for July alone under each of the following assumptions:
1. Davis Parts Shop, Inc., recognizes purchases when orders are shipped.
2. Davis Parts Shop, Inc., recognizes purchases when orders are received.
T Accounts, Normal Balance, and the Accounting Equation

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Order Date Shipped Date Received Amount 399 a June 26 July 5 $300 b July 10 15 750 C d e 16 22 400 23 30 600 27 Aug. 1 750 f Aug. 3 7 500