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Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded
Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. July 1 Purchased $22,000 of merchandise on credit from Hector Company, terms n/15. July 4 Sold merchandise costing $1,070 to C. Paul for $1,180 cash. July 8 Purchased $720 of office supplies from Zhang Company on credit, terms n/30. July 15 Paid Hector $22,000 cash for the merchandise purchased on July 1. July 21 Purchased $1,110 of store supplies on credit from Staples, terms n/30. July 22 Sold merchandise costing $2,750 to MicroTran for $3,250 on credit, terms n/30. July 23 Purchased office supplies from Depot for $380 cash. July 25 Purchased $6,000 of merchandise on credit from Alfredo Company, terms n/30. July 27 Paid employee salaries of $2,400 in cash. Date PURCHASES JOURNAL Account Date of Invoice Accounts Payable Terms Inventory Debit Credit Office Supplies Debit Other Accounts Debit
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