what is the total amount posted to the accounts payable and office supplies accounts 551367
EX 5-14 Prepare journal entries in a purchases journal
Sentry Security Company had the following transactions during the month of January:
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Jan. 4. |
Purchased office supplies from Office Universe Inc. on account, $550. |
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9 |
Purchased office equipment on account from Tek Village, Inc., $2,300. |
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16 |
Purchased office supplies from Office Universe Inc. on account, $90. |
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21 |
Purchased office supplies from Paper-to-Go Inc. on account, $170. |
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27 |
Paid invoice on January 4 purchase from Office Universe Inc. |
a. Prepare a purchases journal with the following headings to record the January purchase transactions for Sentry Security Company.
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PURCHASES JOURNAL |
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Accts. |
Office |
Other |
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Post. |
Payable |
Supplies |
Accounts |
Post. |
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Date |
Account Credited |
Ref. |
Cr. |
Dr. |
Dr. |
Ref. |
Amount |
b. What is the total amount posted to the accounts payable and office supplies accounts from the purchases journal for January?
c. What is the January 31 balance of the Office Universe Inc. creditor account assuming a zero balance on January 1?
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