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Hawk Company uses a single-column purchases journal, a cash payments journal, and a general journal to record transactions with its suppliers and others. Oct. 5
Hawk Company uses a single-column purchases journal, a cash payments journal, and a general journal to record transactions with its suppliers and others.
Oct. 5 | Purchased merchandise on account for $19,000 from Harrelson Company. Terms: 2/10, n/30; FOB shipping point. | |
Oct. 6 | Paid $6,600 to Kens Insurance Company for a two-year fire insurance policy. | |
Oct. 8 | Purchased store supplies on account for $600 from Stone Pony Supply Company. Terms: 2/10, n/30. | |
Oct. 11 | Purchased merchandise on account for $15,000 from Steve Corporation. Terms: 2/10, n/30; FOB shipping point. | |
Oct. 13 | Granted a reduction of $3,000 from Steve Corporation for merchandise purchased on October 11 and returned because of damage. | |
Oct. 15 | Paid Harrelson Company for merchandise purchased on October 5, less discount. | |
Oct. 16 | Purchased merchandise for $9,000 cash from Williams Company. | |
Oct. 21 | Paid Steve Corporation for merchandise purchased on October 11, less merchandise returned on October 13, less discount. | |
Oct. 25 | Purchased merchandise on account for $21,000 from Ozzle Company. Terms: 2/10, n/30; FOB shipping point. | |
Oct. 31 | Purchased equipment for $27,000 cash from Guillen Office Supply Company. |
Record the above transactions in the appropriate journals.
list of accounts:
please include all calculations and answers.
HAWK COMPANY Purchases Journal P1 Inventory Dr. Ref. Accounts Payable CrStep by Step Solution
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