Business, 16.04.2020 22:33 chrjergre6520
Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal.
July 1 Purchased $24,500 of merchandise on credit from Hector Co., terms n/15.
July 4 Sold merchandise costing $1,320 to C. Paul for $1,430 cash.
July 8 Purchased $820 of office supplies from Zhang Co. on credit, terms n/30.
July 15 Paid Hector $24,500 cash for the merchandise purchased on July 1.
July 21 Purchased $1,185 of store supplies on credit from Staples, terms n/30.
July 22 Sold merchandise costing $3,000 to MicroTran for $3,500 on credit, terms n/30.
July 23 Purchased office supplies from Depot for $405 cash.
July 25 Purchased $7,000 of merchandise on credit from Alfredo Co., terms n/30.
July 27 Paid employee salaries of $2,650 in cash.
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Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal,...
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