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Ward Company uses a single-column purchases journal, a cash payments journal, and a general journal to record transactions with its suppliers and others Ward Company

Ward Company uses a single-column purchases journal, a cash payments journal, and a general journal to record transactions with its suppliers and others
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Ward Company uses a single-column purchases journal, a cash payments journal, and a general journal to record transactions with its suppliers and others Oct. 5 Oct. 6 Oct. 8 Oct. 11 Oct. 13 Purchased merchandise on account for $10,000 from Groton Company. Terms: 2/10./30; FOB shipping point Paid $7,200 to Federated Insurance Company for a two-year fire insurance policy. Purchased store supplies on account for $700 from Flynn Supply Company. Terms: 2/10,1/30. Purchased merchandise on account for $14,000 from Buehler Corporation Terms: 2/10, 1/30; FOB shipping point Issued a debit memorandum for $5,000 to Buehler Corporation for merchandise purchased on October 11 and returned because of damage. Paid Groton Company for merchandise purchased on October 5, less discount Purchased merchandise for $8,000 cash from Clifford Company Paid Buehler Corporation for merchandise purchased on October 11, less merchandise returned on October 13, less discount. Purchased merchandise on account for $22,000 from Dooley Company. Terms: 2/10, 1/30; FOB shipping point. Purchased office equipment for $30,000 cash from Paten Office Supply Company, Oct. 15 Oct. 16 Oct 21 Oct 25 Oct. 31 Record the transactions in the purchases journal. (Record the transactions as presented in the problem.) WARD COMPANY Purchases Journal Date Account Credited Ref. Inventory Dr. Accounts Payable Cr. >

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