College Accounting Chapters 1-13 15th Edition

Exercise 8.3Recording credit purchases. Objective 8-1 The following transactions took place at Sonoma Auto Parts and Custom Shop during the first week of July. Indicate how these transactions would be entered in a purchases journal like the one shown in this chapter DATE TRANSACTIONS Purchased batteries for $1,890 plus a freight charge of $95 from Batteries Plus Corporation; received Invoice 6812, dated June 27, which has terms of n/30. July 1 Purchased mufflers for $4,250 plus a freight charge of $99 from Performance Mufflers; received Invoice 441, dated June 30, which has terms of 1/10, n/60. 3 5 Purchased car radios for $2,470 plus freight of $127 from Harbor Sounds Shop, Inc.; received Invoice 5601, dated July 1, which has terms of 2/10, n/30. Purchased truck tires for $6,270 from Specialty Tire Company; received invoice 1102, dated July 8, which has terms of 2/10, n/30. 10