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Name of Student: ID: Ex. 127 Hawk Company uses a single-column purchases journal, a cash payments journal, and a general journal to record transactions with
Name of Student: ID: Ex. 127 Hawk 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 Purchased merchandise on account for $19,000 from Harrelson Company. Terms: 2/10, n/30; FOB shipping point. Paid $6,600 to Ken's Insurance Company for a two-year fire insurance policy. Purchased store supplies on account for $600 from Stone Pony Supply Company. Terms: 2/10, n/30. Purchased merchandise on account for $15,000 from Steve Corporation. Terms: 2/10, n/30; FOB shipping point. Granted a reduction of $3,000 from Steve Corporation for merchandise purchased on October 11 and returned because of damage. Paid Harrelson Company for merchandise purchased on October 5, less discount. Purchased merchandise for $9,000 cash from Williams Company. Paid Steve Corporation for merchandise purchased on October 11, less merchandise returned on October 13, less discount. Purchased merchandise on account for $21,000 from 7zle Company. Terms: 2/10, n/30; FOB shipping point. Purchased equipment for $27,000 cash from Guillen Office Supply Company. Oct. 5 Oct. 6 Oct. 8 Oct. 11 Oct. 13 Oct. 15 Oct. 16 Oct. 21 Oct. 25 Oct. 31
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