Post on a purchased journal 1. “ purchased the following account from fizzy-cal
ID: 2536866 • Letter: P
Question
Post on a purchased journal1. “ purchased the following account from fizzy-cal network: display (charge store supplies), $1800; merchandise, $9600. Total; 11,400. Terms are n/30.”
2. Purchase the following items on account from Alexus fitness connection; inventory, $9180; miscellaneous selling expense ( display cases), $675; store supplies (promotion pack), $250. Total: $10105. Terms are n/30”
3. “Purchase merchandise on account from sports magic warehouse, $16900. Terms are n/30m Post on a purchased journal
1. “ purchased the following account from fizzy-cal network: display (charge store supplies), $1800; merchandise, $9600. Total; 11,400. Terms are n/30.”
2. Purchase the following items on account from Alexus fitness connection; inventory, $9180; miscellaneous selling expense ( display cases), $675; store supplies (promotion pack), $250. Total: $10105. Terms are n/30”
3. “Purchase merchandise on account from sports magic warehouse, $16900. Terms are n/30m
1. “ purchased the following account from fizzy-cal network: display (charge store supplies), $1800; merchandise, $9600. Total; 11,400. Terms are n/30.”
2. Purchase the following items on account from Alexus fitness connection; inventory, $9180; miscellaneous selling expense ( display cases), $675; store supplies (promotion pack), $250. Total: $10105. Terms are n/30”
3. “Purchase merchandise on account from sports magic warehouse, $16900. Terms are n/30m
Explanation / Answer
Purchase journal records only credit purchases.
1. Journal
Purchases A/c Dr. $ 11400
To fizzy-cal network A/c $ 11400
(Merchandise purchased on credit basis)
2. Purchases A/c Dr. $9180
Supplies A/c Dr. $925
To Alexus fitness connection a/c $10105
(Supplies purchased on account)
3. Purchases A/c Dr. $16900
To sports magic warehouse a/c $16900
(Credit purchases made)
Note - In purchase journal credit terms are also mentioned and it is prepared in tabular form. If you need in that format only please mention in comment section. Thanks :)