Journalizing Purchases Transactions Journalize the following transactions in a general journal: May 3 Purchased merchandise from Reed, $6,100. Invoice No. 321, dated May 1, terms n/30. 9 Purchased merchandise from Omana, $2,500. Invoice No. 614, dated May 8, terms 2/10, n/30. 18 Purchased merchandise from Yao Distributors, $2,200. Invoice No. 180, dated May 15, terms 1/15, n/30. 23 Purchased merchandise from Brown, $5,300. Invoice No. 913, dated May 22, terms 1/10, n/30. If an amount box does not require an entry, leave it blank. Page:     DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT   1 20-- May 3           1 2             2 3   Invoice No. 321         3 4 9           4 5             5 6   Invoice No. 614         6 7 18           7 8             8 9   Invoice No. 180         9 10 23           10 11             11 12   Invoice No. 913         12   What is the correct way to fill this journal out? Can you please explain your process.

Brown Inc. records purchases in a purchases journal and purchase returns in the general journal. Oct. 1 Purchased inventory on account from Price Inc. for $2,000. Oct. 3 Purchased inventory on account from Cabrera Inc. for $3,000. Oct. 8 Returned half of the inventory to Price Inc. Oct. 9 Purchased inventory on account from Price Inc. for $4,200. Record the above transactions using a purchases journal, a general journal, and an accounts payable subsidiary ledger. The company uses the periodic method of accounting for inventory. If an amount box does not require an entry, leave it blank.   Page: 121   DATE ACCOUNT TITLE DOC.NO. POST.REF. DEBIT CREDIT   1 Oct. 8       Accounts Receivable-Cabrera Inc. Accounts Receivable-Cabrera Inc. 1 2         Accounts Payable-Price Inc. Accounts Payable-Price Inc. 2   PURCHASES JOURNAL Page: 113 Date   Account PurchaseOrder No. Ref. MerchandiseInventory DR AccountsPayable CR 2019   Oct. 1     fill…

The question is on the photo. Thanks!

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