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May 1 Parchased $10, 100 of nerchandise on credat trom Krause, Inc., teras n/so. Sold merchandise cost nd $900 on credit to G. Seles for
May 1 Parchased $10, 100 of nerchandise on credat trom Krause, Inc., teras n/so. Sold merchandise cost nd $900 on credit to G. Seles for $1, 500 aubject to a 930 pales discount it paid by the end of the month. 14 Purchased $240 of store auppliea from chang Company on credit, terms n/30. 17 Purchased $260 of office aupplies on credit from Honder Company, cerma n/30. 24 Sold nerchandise costang $400 to D. Air for $650 cash 28 Purchased atore aupplies from Porter's for $90 cash. 29 Paid Krauae, Ine. $10.100 cash for the merchandise purchased on Hay 1 Journalize the May transactions that should be recorded in the purchases journal assuming the perpetual inventory systemis used 3 Answer is not complete PURCHASES JOURNAL Office Other Date of Accounts Payable InventorySuppliesAccounts Date Account Terms May 01 Krause Inc 5V01 /30 10,100 10 100 May 14 3 Sore supplies/Chang 5/14 30240 240 240 May 17 O!Monder company OS 170n/3001 2600 260 K Prey 6 of 21l Next > May 1 Parchased $10, 100 of nerchandise on credat trom Krause, Inc., teras n/so. Sold merchandise cost nd $900 on credit to G. Seles for $1, 500 aubject to a 930 pales discount it paid by the end of the month. 14 Purchased $240 of store auppliea from chang Company on credit, terms n/30. 17 Purchased $260 of office aupplies on credit from Honder Company, cerma n/30. 24 Sold nerchandise costang $400 to D. Air for $650 cash 28 Purchased atore aupplies from Porter's for $90 cash. 29 Paid Krauae, Ine. $10.100 cash for the merchandise purchased on Hay 1 Journalize the May transactions that should be recorded in the purchases journal assuming the perpetual inventory systemis used 3 Answer is not complete PURCHASES JOURNAL Office Other Date of Accounts Payable InventorySuppliesAccounts Date Account Terms May 01 Krause Inc 5V01 /30 10,100 10 100 May 14 3 Sore supplies/Chang 5/14 30240 240 240 May 17 O!Monder company OS 170n/3001 2600 260 K Prey 6 of 21l Next >
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