$103$

$\sqrt[\phantom{2}]{?}$ Question $4$ Lectueillustration $-$ BST$002-70$pics

Transactions of Bunbury Traders for December $2018$:

Dec $1$ Purchased office furniture on credit from Officeware for $$308.$ The office fumiture is not inventory. No Asset

$2$ Received from D Simpson an invoice and inventory on credit for $$319.P.$

$7$ Purchased inventory for cash $$550.$ CP

$14$ Purchased goods on credit from C Austin for $$407.$ P

$16$ Sent an invoice and inventory on credit to $P$ Stevens for $$880.S$

$19$ Received an invoice and merchandise on credit from L Dennis for $$660.$ P

$28$ Sent an invoice to A Gregory with trading stock sold on credit for $$319.$ S

$31$ Purchased goods on credit from A Resnick for $$473.$ P

Required

$1$ Prepare the purchases journal for December $2018.$ Ignore all other transactions.

$2$ Will the following transactions be recorded in the purchases journal?

a Rugs R Us purchased office furniture on credit for $$429.$

Yes

No:

b Computer City received an invoice for $$660$ and merchandise on $30$ day credit terms.

Yes

No

c Beds Galore purchased inventory for cash $$110.$

Yes

No

Solution Check

Purchases Journal $=$$$1,859$