Question 5.3: Purchases Journal The following purchase transactions occurr......

Financial Accounting [EXP-43430]

Purchases Journal

The following purchase transactions occurred during October for Helping Hand Cleaners:

Oct. 11. Purchased cleaning supplies for $235, on account, from General Supplies.

19. Purchased cleaning supplies for $110, on account, from Hubble Supplies.

24. Purchased office equipment for $850, on account, from Office Warehouse.

Record these transactions in a purchases journal as illustrated at the top of Exhibit 5.

EXHIBIT 5

Step-by-Step

The 'Blue Check Mark' means that this solution was answered by an expert.
Learn more on how do we answer questions.

PURCHASES JOURNAL

Date	Account Credited	Post. Ref.	Accounts Payable Cr.	Cleaning Supplies Dr.	Other Accounts Dr.	Post. Ref.	Amount
Oct. 11	General Supplies		235	235
19	Hubble Supplies		110	110
24	Office Warehouse		850		Office Equipment		850

Related Answered Questions

Question: 5.IP

Selected transactions of O’Malley Co. for the month of May are as follows: a. May 1. Issued Check No. 1001 in payment of rent for May, $1,200. b. 2. Purchased office supplies on account from McMillan Co., $3,600. c. 4. Issued Check No. 1003 in payment of freight charges on the supplies purchased on ...

Verified Answer:

Question: 5.5

Segment Analysis Morse Company does business in two regional segments: East and West. The following annual revenue information was determined from the accounting system’s invoice information: ...

Verified Answer:

Horizontal analysis:

Question: 5.4

Accounts Payable Subsidiary Ledger The debits and credits from two transactions are presented in the following creditor’s (supplier’s) account: NAME Lassiter Services Inc. ADDRESS 301 St. Bonaventure Ave. ...

Verified Answer:

Aug. 12. Paid $200 to Lassiter Services Inc. on ...

Question: 5.1

Revenue Journal The following revenue transactions occurred during December Dec. 5. Issued Invoice No. 302 to Butler Company for services provided on account, $5,000. 9. Issued Invoice No. 303 to JoJo Enterprises for services provided on account, $2,100. 15. Issued Invoice No. 304 to Double D Inc. ...

Verified Answer:

REVENUE JOURNAL

Question: 5.2

Accounts Receivable Subsidiary Ledger The debits and credits from two transactions are presented in the following customer account: NAME Sweet Tooth Confections ADDRESS 1212 Lombard St. ...

Verified Answer:

July 7. Provided $86 of services on account to...