Question
Peachtree Company uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in
Peachtree Company uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal.
May1Purchased $21,600 of merchandise on credit from Krause, Inc., terms n/30.
14Purchased $470 of store supplies from Chang Company on credit, terms n/30.
17Purchased $490 of office supplies on credit from Monder Company, terms n/30.
28Purchased store supplies from Porter's for $136 cash.
Asking to record in purchase journal.
Date Account Date of Invoice Terms AP/CR Inventory DR Office Sup DR Other DR
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