Use the following purchases journal to record the transactions. (If a box is not used in the journal leave the box empty; de not select any information and do not enter a zero. Abbreviation used: Supp. = Supplies) i (Click the icon to view the transactions.) Date 2024 Oct. Oct. 1 Vendor Ball Co. Milly Co. Mor Slip Co. Oct. 11 Oct. 24 Purchases Journal Account Credited Terms Ref. Payable CR Inventory DR Post. Accounts Merchandise Office Supp. DR 4 Other Accounts DR Account Post. Title Ref. Amount Purchased merchandise inventory on account with credit terms of 5/10, n/30 from Milly Co., $3,000. Purchased office supplies on account from Ball Co., $650. Terms were n/EOM. Purchased furniture on account with credit terms of 3/10, n/60 from Slip Co., $1,700. Page - X

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Use the following purchases journal to record the transactions. (If a box is not used in the journal leave the box empty; do
not select any information and do not enter a zero. Abbreviation used: Supp. = Supplies)
(Click the icon to view the transactions.)
Date
2024
Oct.
Oct. 1
Post. Accounts Merchandise Office
Supp.
Account Credited Terms Ref. Payable CR Inventory DR DR
Ball Co.
Milly Co.
Mor Slip Co.
Vendor
Oct. 11
Oct. 24
Purchases Journal
Purchased merchandise inventory on account with credit terms of 5/10, n/30 from Milly Co.,
$3,000.
Purchased office supplies on account from Ball Co., $650. Terms were n/EOM.
Purchased furniture on account with credit terms of 3/10, n/60 from Slip Co., $1,700.
Print
Done
Page 6
Other Accounts DR
Account Post.
Title Ref. Amount
Transcribed Image Text:Use the following purchases journal to record the transactions. (If a box is not used in the journal leave the box empty; do not select any information and do not enter a zero. Abbreviation used: Supp. = Supplies) (Click the icon to view the transactions.) Date 2024 Oct. Oct. 1 Post. Accounts Merchandise Office Supp. Account Credited Terms Ref. Payable CR Inventory DR DR Ball Co. Milly Co. Mor Slip Co. Vendor Oct. 11 Oct. 24 Purchases Journal Purchased merchandise inventory on account with credit terms of 5/10, n/30 from Milly Co., $3,000. Purchased office supplies on account from Ball Co., $650. Terms were n/EOM. Purchased furniture on account with credit terms of 3/10, n/60 from Slip Co., $1,700. Print Done Page 6 Other Accounts DR Account Post. Title Ref. Amount
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