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Page 339 Question 4 (20 marks, Bargain Beachwear & Accessories' purchases journal recorded five entries that were for valid transactions. However, the purchases journal had

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Page 339 Question 4 (20 marks, Bargain Beachwear & Accessories' purchases journal recorded five entries that were for valid transactions. However, the purchases journal had several errors. Actually, only one entry was correct, and the other four entries had errors. Credits Post Ref. Inventory PURCHASES JOURNAL Debits OTHER ACCOUNTS Account Post Supplies Title Ref. Amount Purchases Discounts 300 6.900 5,000 Invoice Date 06/04 06/06 06/13 06/15 06/25 Account DATE Credited June 5 Beach Apparel 7 Furniture Forever 13 Quick Office Suppliers 17 Beach Swimwear 25 Sunny Sundresses Totals Accounts Payable 6,900 5,000 2,000 4,400 2,000 4,400 3.000 9.400 (3.000) 2.000 18,300 6.900 (200) (120) (130) Required: A. Which entry in the purchases journal was recorded correctly? B. Prepare a corrected purchases journal. If required, create your own chart of account number

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