Question

Prepare Journal Entries in a Purchases Journal

Guardian Services Inc. had the following transactions during the month of April:

Apr. 4.	Purchased office supplies from Officemate, Inc. on account, $720.
Apr. 9.	Purchased office equipment, Inc. on account from Tek Village Inc., $2,850.
Apr. 16.	Purchased office supplies from Officemate, Inc. on account, $190.
Apr. 19.	Purchased office supplies from Paper-to-Go Inc. on account, $300.
Apr. 27.	Paid invoice on April 4 purchase from Officemate, Inc.

a. Prepare a purchases journal to record the April purchase transactions for Guardian Services Inc. If an amount box does not require an entry, leave it blank.

If no entry is required in "Other Accounts Dr." then select "No entry required".

PURCHASES JOURNAL
DATE	Account Credited	Post. Ref.	Accounts Payable Cr.	Office Supplies Dr.	Other Accounts Dr.	Post. Ref.	Amount
Apr. 4
Apr. 9
Apr. 16
Apr. 19
Apr. 30	Total

b. What is the total amount posted to the accounts payable and office supplies accounts from the purchases journal for April?

Credit to Accounts Payable	$
Debit to Office Supplies	$

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

Answer 1

a) Purchase Journal :-

Date	Account Credited	Account Payable Credit	Office Supplies Debit	Other Accounts Debit
April 4	Officemate Inc.	$720	$720
April 9	Tek Village Inc.	$2850		$2850
April 16	Officemate Inc.	$190	$190
April 19	Paper to Go Inc.	$300	$300
Total		$4060	$1210	$2850

b).

Credited to Accounts Payable = $4060

Debited to Office Supplies = $1210

c) Credit Balance of Officemate inc. as on April 30.

=  Since, invoice of April 4 was paid on 27 April.)

= $190

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