The following purchase transactions occurred during August for Elegance Catering Service: Aug. 11. Purchased party supplies for

Question:

The following purchase transactions occurred during August for Elegance Catering Service:

Aug. 11. Purchased party supplies for $390, on account from Party Zone Supplies Inc.

14. Purchased party supplies for $290, on account from Fun 4 All Supplies Inc.

29. Purchased office furniture for $3,560, on account from Office Space Inc.

Record these transactions in the following purchases journalformat:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 978-1133952428

12th Edition

Authors: Warren, Reeve, Duchac

See More Books

Question Posted: May 07, 2012 04:31 AM

See More Questions

The following purchase transactions occurred during February for Crystal Catering Service: Feb. 11. Purchased party supplies for $440, on account from Celebration Supplies Inc. 14. Purchased party...
The following purchase transactions occurred during October for Rehoboth Inc.:Oct. 4. Purchased office supplies for $105, on account from Office-to-Go Inc.16. Purchased office equipment for $2,460,...
The following purchase transactions occurred during November for Manheim Inc.: Nov. 6. Purchased office supplies for $330, on account from Carry Out Supply Inc. 14. Purchased office equipment for...
Determine the force in member GC of the truss and state if this member is in tension or compression. Units Used: kip = 103 lb Given: F1 = 1000 lb F2 = 1000 lb F3 = 1000 lb F4 = 1000 lb a = 10 ft =...
Early Start Bakery mass-produces bread using three sequential processing departments: Mixing, Baking, and Packaging. The following transactions occurred during May: 1. Direct materials used in the...
Bradbury Ltd is a family-owned clothes manufacturer based in the south west of England. For a number of years the chairman and managing director was David Bradbury. During his period . of office,...
Refer to Exercises 9.21 and 9.29 (p. 487,493). The SAS simple linear regression printout relating number of employees y to age of a fast-growing firm x is reproduced above. a. Test to determine...
Moranda and Sills, LLP, has served for over 10 years as the auditor of the financial statements of Highland Credit Union. The firm is conducting its audit planning for the current fiscal year and is...
Describe Rockboro as a company, and its evolution in strategy and financials. Rockboro Case Study
An investment firm can invest in four financial instruments: Trade Credits, Bonds, Gold Stocks, and Construction loans. The income from each investment will be 7%, 11%, 19%, and 15% respectively. The...
The debits and credits from two transactions are presented in the following customer account: Describe each transaction and the source of eachposting. NAME Mobility Products inc. ADDRESS 46 W Main St...
The following purchase transactions occurred during December for Rehoboth Inc.: Dec. 6. Purchased office supplies for $415, on account from Supply Hut Inc. 14. Purchased office equipment for $1,950,...
The figure shows the intersections of four one-way streets. a. Set up a system of equations that keeps traffic moving. b. Use Gaussian elimination to solve the system. c. If construction limits z to...
In the following circuit, the supply voltage is 12V. Suppose VIN = +7 V, the output voltage will be, VIN VOUT R1 10 R2 10
Find the derivative of the function f(x)=(7x-8)". Find the derivative of the function y=- 2x x+6 Find the derivative of the function y = In Find the derivative of the function f(t): Find the...
Use the information below to answer questions 29 - 39. Make a table similar to examples 12 and 13 to help answer the questions. Ten persons of students at ACM are nursing students. Forty percent of...
Abby Industries, Inc. has the following capital structure. Type Amount Rate of Return Mortgages (debt) $25,000,000 7% Bonds (debt) 180,000,000 9% Common stock (equity) 100,000,000 10% Preferred stock...
Review the network of stakeholders Choose five different stakeholders and provide examples of why a project manager would need to negotiate with that stakeholder. FIGURE 10.1 Network of Stakeholders...
A business issued a $5,000, 60-day note to a supplier, which discounted the note at 12%. The proceeds are: LO2 A. $4,400 C. $5,000 B. $4,900 D. $5,100
In Exercises 516, find the focus and directrix of the parabola with the given equation. Then graph the parabola. y 2 = 4x
What three forms of cobranding can be used in domestic and international marketing?
Is it necessary for a business to use the same method of computing depreciation (a) For all classes of its depreciable assets, (b) For financial statement purposes and in determining income taxes?
(a) Under what conditions is the use of an accelerated depreciation method most appropriate? (b) Why is an accelerated depreciation method often used for income tax purposes? (c) What is the Modified...
For some of the fixed assets of a business, the balance in Accumulated Depreciation is exactly equal to the cost of the asset. (a) Is it permissible to record additional depreciation on the assets if...
Horizontal Analysis The comparative accounts payable and long-term debt balances of a company are provided below. Current Year Previous Year Accounts payable $47,286 $63,900 Long-term debt 85,492...
On January 1, Year 1, Price Company issued $140,000 of five-year, 7 percent bonds at 97. Interest is payable annually on December 31. The discount is amortized using the straight-line method. Record...
Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a...

The following purchase transactions occurred during August for Elegance Catering Service: Aug. 11. Purchased party supplies for

Question:

PURCHASES JOURNAL Accounts Ofice Dr. Other Post. Pble Supplles Account Post. Ref Date Accounts Credited Cr. Dr. Ref. Amount

Step by Step Answer:

Date Account Credited Aug 11 Party Zone Supplies ...View the full answer

Financial Accounting

Students also viewed these Accounting questions