Question
Purchases and Cash Payments Journals Transactions related to purchases and cash payments completed by Wisk Away Cleaning Services Inc. during the month of May 20Y5
Purchases and Cash Payments Journals
Transactions related to purchases and cash payments completed by Wisk Away Cleaning Services Inc. during the month of May 20Y5 are as follows:
May 1. | Issued Check No. 57 to Bio Safe Supplies Inc. in payment of account, $210. | |
3. | Purchased cleaning supplies on account from Brite N' Shine Products Inc., $130. | |
8. | Issued Check No. 58 to purchase equipment from Carson Equipment Sales, $2,140. | |
12. | Purchased cleaning supplies on account from Porter Products Inc., $180. | |
15. | Issued Check No. 59 to Bowman Electrical Service in payment of account, $110. | |
18. | Purchased supplies on account from Bio Safe Supplies Inc., $240. | |
20. | Purchased electrical repair services from Bowman Electrical Service on account, $90. | |
26. | Issued Check No. 60 to Brite N Shine Products Inc. in payment of May 3 invoice. | |
31. | Issued Check No. 61 in payment of salaries, $4,110. |
Wisk Away Cleaning Services Inc. uses the following accounts:
Cash | 11 |
Cleaning Supplies | 14 |
Equipment | 18 |
Accounts Payable | 21 |
Salary Expense | 51 |
Electrical Service Expense | 53 |
Prepare a purchases journal and a cash payments journal to record the above transactions in chronological order. If an amount box does not require an entry, leave it blank and select "No entry required" from the dropdown.
If no entry is required in "Other Accounts Dr." then select "No entry required".
PURCHASES JOURNAL | PAGE 36 | ||||||
DATE | Account Credited | Post. Ref. | Accounts Payable Cr. | Cleaning Supplies Dr. | Other Accounts Dr. | Post. Ref. | Amount |
20Y5 | |||||||
May 3 | Brite N' Shine Products Inc. | No entry required | |||||
May 12 | Porter Products Inc. | No entry required | |||||
May 18 | Bio Safe Supplies Inc. | No entry required | |||||
May 20 | Bowman Electrical Service | Electrical Service Expense | |||||
May 31 | Total | ||||||
() | () |
Feedback
Record the purchases on account in the purchases journal. The total debits should equal the total credits.
CASH PAYMENTS JOURNAL | PAGE 41 | |||||
DATE | Ck. No. | Account Debited | Post. Ref. | Other Accounts Dr. | Accounts Payable Dr. | Cash Cr. |
20Y5 | ||||||
May 1 | Bio Safe Supplies Inc. | |||||
May 8 | Equipment | |||||
May 15 | Bowman Electrical Service | |||||
May 26 | Brite N' Shine Products Inc. | |||||
May 31 | Salary Expense | |||||
May 31 | Total | |||||
() | () |
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