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Problem #25 July 18, Purple Company purchased $200,000 of computer equipment from the the Mac Store on credit. Today is Aug 10th and the
Problem #25 July 18, Purple Company purchased $200,000 of computer equipment from the the Mac Store on credit. Today is Aug 10th and the Purple Company paid $50,000 cash on the amount due to the Mac Store (Record the Aug 10th transaction only.) Date Accounts Debit Credit Cash 650,000 Accounts Payable 200,000 Problem #26 April 1, Pink, Inc. purchased $2,500,000 of computer equipment by signing a long-term note payble. Today is April 30, Pink paid $250,000 cash on the note payable. Date Accounts Debit Credit Cash 5,000,000 Note Payable 2,500,000 Problem #29 Oct 12, Research, Inc. purchased $100,000 of office supplies on credit. Today is Nov 10th, and the company pays the amount due on the office supplies. Record JE for Nov 10th only. Date Accounts Debit Credit Cash 689,000
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