Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Sep 2017 My Price 8.00

Sentry Security Company

EX 5-14 Prepare journal entries in a purchases journal

Sentry Security Company had the following transactions during the month of January:

Jan. 4.

Purchased office supplies from Office Universe Inc. on account, $550.

9

Purchased office equipment on account from Tek Village, Inc., $2,300.

16

Purchased office supplies from Office Universe Inc. on account, $90.

21

Purchased office supplies from Paper-to-Go Inc. on account, $170.

27

Paid invoice on January 4 purchase from Office Universe Inc.

a. Prepare a purchases journal with the following headings to record the January purchase transactions for Sentry Security Company.

     

PURCHASES JOURNAL

      
     

Accts.

Office

Other

    
   

Post.

Payable

Supplies

Accounts

Post.

  

Date

Account Credited

Ref.

Cr.

Dr.

Dr.

Ref.

Amount

b. What is the total amount posted to the accounts payable and office supplies accounts from the purchases journal for January?

c. What is the January 31 balance of the Office Universe Inc. creditor account assuming a zero balance on January 1?

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Sep 2017 01:09 PM My Price 8.00

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