Selected accounts from the ledgers of Jose Gomez Company at July 31 showed the following.
| Store Equipment Don't use plagiarized sources. Get Your Custom Essay on selected accounts from the ledgers of jose gomez company at july 31 showed the follo 543528 For $10/Page 0nly | No. 153 | ||||
| Date | Explanation | Debit | Credit | Balance | |
| 1-Jul | G1 | 3,600 | 3,600 | ||
| Merchandise Inventory | No. 120 | ||||
| Date | Explanation | Debit | Credit | Balance | |
| 15-Jul | G1 | 400 | 400 | ||
| 18 | G1 | 100 | 300 | ||
| 25 | G1 | 200 | 100 | ||
| 31 | P1 | 8,400 | 8,500 | ||
| Accounts Payable | No. 201 | ||||
| Date | Explanation | Debit | Credit | Balance | |
| 1-Jul | G1 | 3,600 | 3,600 | ||
| 15 | G1 | 400 | 4,000 | ||
| 18 | G1 | 100 | 3,900 | ||
| 25 | G1 | 200 | 3,700 | ||
| 31 | P1 | 8,400 | 12,100 | ||
| ACCOUNTS PAYABLE LEDGER | |||||
| Agler Equipment Co. | |||||
| Date | Explanation | Debit | Credit | Balance | |
| 1-Jul | G1 | 3,600 | 3,600 | ||
| Benton Co. | |||||
| Date | Explanation | Debit | Credit | Balance | |
| 3-Jul | P1 | 2,000 | 2,000 | ||
| 20 | P1 | 700 | 2,700 | ||
| Cerner Materials | |||||
| Date | Explanation | Debit | Credit | Balance | |
| 17-Jul | P1 | 1,400 | 1,400 | ||
| 18 | G1 | 100 | 1,300 | ||
| 29 | P1 | 2,100 | 3,400 | ||
| Dunlap Co. | |||||
| Date | Explanation | Debit | Credit | Balance | |
| 14-Jul | P1 | 1,100 | 1,100 | ||
| 25 | G1 | 200 | 900 | ||
| Fogelson Co. | |||||
| Date | Explanation | Debit | Credit | Balance | |
| 12-Jul | P1 | 500 | 500 | ||
| 21 | P1 | 600 | 1,100 | ||
| Galant Transit | |||||
| Date | Explanation | Debit | Credit | Balance | |
| 15-Jul | G1 | 400 | 400 | ||
Instructions
From the data, prepare:
(a) the single-column purchases journal for July.
(b) the general journal entries for July.
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