Question
Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journal the following transactions that should be
Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journal the following transactions that should be recorded in the purchases journal. July 1 Purchased $15,500 of merchandise on credit from Hector Company, teres n/15. July 4 Sold merchandise costing $420 to C. Paul for $530 cash. July 8 Purchased $460 of office supplies from Zhang Company on credit, terms n/30. July 15 Paid Hector $15,500 cash for the merchandise purchased on July 1. July 21 Purchased $915 of store supplies on credit from Staples, terms n/30. July 22 Sold merchandise costing $2,100 to MicroTran for $2,600 on credit, terms n/30. July 23 Purchased office supplies from Depot for $315 cash. July 25 Purchased $3,400 of merchandise on credit from Alfredo Company, teres n/30. July 27 Paid employee salaries of $1,750 in cash. Date Account Date of Invoice Terms PURCHASES JOURNAL Accounts Payable Credit Inventory Debit Office Supplies Debit Other Accounts Debit arch I C < Prev 3 of 3 Next 72 @
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