Question

The purchases journal for Wright Company is shown below.

PURCHASES JOURNAL
Date		Name	Invoice Number	Invoice Date	Terms	Post. Ref.	Accts. Payable Credit	Purchases Debit	Freight In Debit
Nov.	11	Jane Doe	3457	11/7	n/30		3,676	3,500	176
	17	Tim Tame	9589	11/13	1/10, n/30		1,310	1,200	110
	25	Lila Abt	1001	11/22	n/30		1,449	1,300	149
	30						6,435	6,000	435

Show how the amounts would be posted to the general ledger accounts.

Answer 1

Entries to record purchases:

Date	Account Titles and Explanation	Ref. Post	Debit	Credit
11-Nov	Purchases		$3,500
	Freight -in		$176
	Accounts Payable			$3,676
	(To record purchases from Jane Doe, invoice no. 3457, dated 11/7, terms n/30)
17-Nov	Purchases		$1,200
	Freight -in		$110
	Accounts Payable			$1,310
	(To record purchases from Tim Tame, invoice no. 9589, dated 11/13, terms 1/10, n/30)
25-Nov	Purchases		$1,300
	Freight -in		$149
	Accounts Payable			$1,449
	(To record purchases from Lila Abt, invoice no. 1001, dated 11/22, terms n/30)