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Plexie Company uses four special journals (Sales, Cash Receipts, Purchases and Cash Disbursements) as well as a General Journal. For this question, you will only
Plexie Company uses four special journals (Sales, Cash Receipts, Purchases and Cash Disbursements) as well as a General Journal. For this question, you will only be recording the transactions that belong in the Purchases, Cash Disbursements and General Journals. The following transactions occurred during June 2021. The company uses a perpetual inventory system. June 2 Purchased merchandise inventory from Aster Co., invoice dated June 2nd terms 2/10, n/30, $6,400 4 Sold merchandise on credit to Benet Inc. for $6,570, terms 2/10, n/30, Invoice #634. Cost of merchandise inventory was $2,600. 6 Received a $300 credit memorandum from Aster Co. for merchandise inventory received on June 2nd and returned for credit. 11 Issued cheque # 754 to Aster Co. to pay its June 2nd invoice. 12 Received payment from Benet Inc. for the balance owing on their account. 17 Purchased Office Supplies from Lord Co. for $930, terms 2/10, n/30. 29 Paid MTS for the monthly telephone bill, $730, cheque #755 31 Recorded cash sales for the month, $13,000. Cost of merchandise, $6,200. REQUIRED: Record the above transactions for Plexie Company in the special journals provided as annranriate Purchases Journal Page 12 Merchandise Date Account Credited Date of Invoice Terms Ref Accounts Payable Inventory Cr Dr. Other Accounts Dr Cash Disbursements Journal Page 17, Merchandise Other Accounts Date Chq No. Payee Account Debited Cash Ref Inventory Accounts Payable Cr Cr Dr. Dr GENERAL JOURNAL Page 5 DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT
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