Question
The Fast Frame Shop had the following transactions for the month of January: Jan, 6 Purchased frames for $2,100 plus a freight charge of
The Fast Frame Shop had the following transactions for the month of January: Jan, 6 Purchased frames for $2,100 plus a freight charge of $110 from the Murphy Company, Invoice 454, dated January 3, net payable in 60 days. 9 Purchased glass for $410 from Gunther Glass, Invoice 566, dated January 5; terms are 2/10, n/30. 14 Returned defective frames to Murphy Company and received Credit Memorandum 103 for $55. The frames were originally purchased on Invoice 454 of January 3. 15 Purchased mats for $450 from Wilson Company Products, Invoice 299, dated January 11, net payable in 30 days. 22 Received Credit Memorandum 496 for $160 from Gunther Glass. The amount is an allowance for slightly discolored but usable glass purchased on Invoice 566 of January 5. Record the transactions in a three-column purchases journal. Total, prove, and rule the purchases journal as of January 31. Record the transactions in a general journal for January. Complete this question by entering your answers in the tabs below. Purchases Journal General Journal Record the transactions in a three-column purchases journal. Total, prove, and rule the purchases journal as of January 31. Date Jan 31 Totals PURCHASES JOURNAL Account Invoice Number Date of Invoice Terms Accounts Payable Credit Purchases Debit Freight in Debit General Journal > Purchases Journal General Joumal Record the transactions in a general journal for January. View transaction list Journal entry worksheet < 2 Returned defective frames to Murphy Company and received Credit Memorandum 103 for $55. The frames were originally purchased on Invoice 454 of January 3. Note: Enter debits before crdits. Date Jan. 14 General Journal Debit Credit Record entry Clear entry View general journal Purchases Journal General Joumal Record the transactions in a general journal for January. View transaction list Journal entry worksheet < 1 2 Received Credit Memorandum 496 for $160 from Gunther Glass. The amount is an allowance for slightly discolored but usable glass purchased on Invoice 566 of January 5. Note: Enter debits before credits. Date Jan. 22 General Journal Debit Credit Record entry Clear entry View general journal
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