Goren Company uses a single-column purchases journal, a cash payments journal, and a general journal to record transactions with its suppliers and others. Record the following transactions in the appropriate journals.

Transactions:

1. Oct. 5 Purchased merchandise on account for $20,000 from Hendry Company. Terms: 2/10, n/30; FOB shipping point.
2. Oct. 6 Paid $7,200 to Federated Insurance Company for a two-year fire insurance policy.
3. Oct. 8 Purchased store supplies on account for $700 from Flint Supply Company. Terms: 2/10, n/30.
4. Oct. 11 Purchased merchandise on account for $14,000 from Adler Corporation. Terms: 2/10, n/30; FOB shipping point.
5. Oct. 13 Granted a reduction of $3,000 to Adler Corporation for merchandise purchased on
6. October 11 and returned because of damage.
7. Oct. 15 Paid Hendry Company for merchandise purchased on October 5, less discount.
8. Oct. 16 Purchased merchandise for $8,000 cash from Clifford Company.
9. Oct. 21 Paid Adler Corporation for merchandise purchased on October 11, less merchandise returned on October 13, less discount.
10. Oct. 25 Purchased merchandise on account for $22,000 from Eaton Company. Terms: 2/10, n/30; FOB shipping point.
11. Oct. 31 Purchased office equipment for $30,000 cash from Pate Office Supply Company.

GOREN COMPANY

Purchases Journal

Date	Account Credited	Ref.	Merchandise Inventory Dr. Accounts Payable Cr.

GOREN COMPANY

Cash Payments Journal

Date	Account Debited	Ref.	Other Accounts Dr.	Accounts Payable Dr.	Merchandise Inventory Cr.	Cash Cr.

GOREN COMPANY

General Journal

Date	Accounts	Debit	Credit