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4 years ago

Prepare Journal Entries in a Purchases Journal

Business

1 answer:

kenny6666 [7]4 years ago

8 0

Answer:

Explanation:

DATE Account AccountsPayable OfficeSupplies OtherAccounts

Credited credit debit debit

Apr. 4 Officemate $620 $610 no entry

Apr. 9 Tek Village $2,460 $2,460

Apr. 16Officemate $170 $170 no entry

Apr. 19 Paper to Go $250 $250 no entry

Apr. 30 Total $3,500 $1050 $2,460

b. Total amount posted / credited to accounts payable= $( 620+2,460 + $170 + 250) = $3500

Total amount from and debited from Office supplies = $(610 + 170+ 250) = $1050

What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?

$ __170____ ie $ 610 + 170 - 610( because invoice on April 4th was paid on April 27th.

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