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madam [21]
3 years ago
6

Guardian Services Inc. had the following transactions during the month of April: Apr. 4. Purchased office supplies from Officema

te, Inc. on account, $460. Apr. 9. Purchased office equipment, Inc. on account from Tek Village Inc., $1,820. Apr. 16. Purchased office supplies from Officemate, Inc. on account, $120. Apr. 19. Purchased office supplies from Paper-to-Go Inc. on account, $190. Apr. 27. Paid invoice on April 4 purchase from Officemate, Inc.Prepare a purchases journal to record the April purchase transactions for Guardian Services Inc.
Business
1 answer:
vivado [14]3 years ago
7 0

Answer:

supplies                  770* debit

office equipment 1,820 debit

           cash                              460 credit

           accounts payable      2,130 credit

-- to transfer subsidiary purchase book into journal --

Explanation:

we will do a single entry for the whole purchases of the month.

we add the supplies purchases:

*supplies purchases:

Apr  4  460

Apr 16  120

Apr 19 <u> 190 </u>

          770

We calcualte the accoutn payable balance:

account payable:

770 supplies purhcase + 1,820 equipment purchase - 460 payment = 2,130

then cash used for 460

and equipment purchase for 1,820

the purchases assets goes into debit side

while the account payable and the cash used on credit

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