Journalize the june transactions that should be recorded in, Ask an Expert

Accounting

Redmon Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal.

The following transactions occur in the month of June.

June 1 Purchased $8,100 of merchandise on credit from Vick, Inc., terms n/30.

8 Sold merchandise costing $900 on credit to R. Panke for $1,500 subject to a $30 sales discount if paid by the end of the month.

14 Purchased $240 of store supplies from Poe Company on credit, terms n/30.

17 Purchased $260 of office supplies on credit from Rehmer Company, terms n/30.

24 Sold merchandise costing $400 to L. Barnett for $630 cash.

28 Purchased store supplies from Piburn's for $90 cash.

29 Paid Vick, Inc., $8,100 cash for the merchandise purchased on June 1.

Prepare headings for a purchases journal.

Journalize the June transactions that should be recorded in the purchases journal.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M995271

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