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Lana71 [14]
3 years ago
13

Purchases and Cash Payments Journals

Business
1 answer:
aniked [119]3 years ago
4 0

Answer and Explanation:

The preparation is shown below:

                                PURCHASES JOURNAL

DATE    Account    Post.   Accounts      Cleaning       Other         Post. Amt

            Credited Ref     Payable Cr.   Supplies Dr. Accounts Dr. Ref.

20Y5

May 3 Brite N' Shine Products Inc. ✔ $130 $130  No entry required  

May 12 Porter Products Inc. ✔ $180         $180 No entry required  

May 18 Bio Safe Supplies Inc. ✔ $240        $240 No entry required  

May 20 Bowman Electrical Service ✔ $90  Electrical Service Expense 53  $90

May 31 Total                           $640    $550

                      $90

                                                                ($21)     ($14)    

                        CASH PAYMENT JOURNAL

DATE   Ck. No  Account    Post.   Other            Account           Cash

                         Debited     Ref     Accounts Dr.  Payable Dr.     Cr.

May 1   57 Bio Safe Supplies Inc. ✔            $210           $210  

May 8  58 Equipment    18 $2,140                                  $2,140

May 15 59 Bowman Electrical Service ✔     $110            $110  

May 26 60 Brite N' Shine Products Inc. ✔     $130            $130  

May 31 61 Salary Expense 51    $4,110    

May 31  Total            $6,250            $450             $2,590

                                                                                 (21)                 (11)

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