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Somez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded
Somez Company uses a 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. July 1 Purchased $15,000 of merchandise on credit from Hector Company, terms n/15. July 4 Sold merchandise costing $370 to C. Paul for $480cash. July 8 Purchased $440 of office supplies from Zhang Company on credit, terms n/30. July 15 Paid Hector $15,000 cash for the merchandise purchased on July 1. July 21 Purchased $900 of store supplies on credit from staples, terms n/30. July 22 Sold merchandise costing $2,050 to MicroTran for $2,550 on credit, terms n/30. July 23 Purchased office supplies from Depot for $310cash. July 25 Purchased $3,200 of merchandise on credit from Alfredo Company, terms n/30. July 27 Paid employee salaries of $1,700 in cash
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