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)
