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Last part of my practice quiz, please help with Question EX.05 - 181 The following purchase transactions occurred during August for for $313 on account
Last part of my practice quiz, please help with Question EX.05 - 181
The following purchase transactions occurred during August for for $313 on account from Aug 1 Purchased Keviar kayaks equipment) Aug 6 Purchased kayak paddles (supplies) for 5644 on account from Southland Co Aug 14 Purchased Me vests (supplies) for $3,962 on account from required, select "no entry from the Record these transactions in a purchases journal. If no entry is dropdown box. If an amount box does not require an entry, leave it blank Page i postAmount Supplies Other Accounts Post. t Credited Re Payable Cr Aug 22. EX.05-179 Ir a two-column (all-purpose) general journal, a revenue yournal, and a cash receipts yournal are used, indicate the journal in which each of the following transactions should be recorded a.Investment of additional cash in the business by the owner b. Rendering of services for cash c. Rendering of services on account d. Receipt of cash on account from a customer e. Sale of office supplies for cash, at cost, to a neighboring business f. Adjustment to record supplies used at the end of the year g. Closing of drawing account at the end of the year 23. EX.05-181 The posting references in the following purchases journal are indicated by letters. Identify each posting reference [(a) through ()] as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary ledger account, or (3) that no posting is required. PURCHASES JOURNAL Page 1 Accounts Office Store Other Account Post. Payable Credited Ref. Post Date SuppliesSupplies Account Accounts Amount Ref Cr. Dr. Dr. Dr. July Morton 1,150 1,150 3 Company Jackson Co 4,800 4,800 14 Fallon Inc. (c) 7,000 7,000Step by Step Solution
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