Question

Prepare Journal Entries in a Purchases Journal Guardian Services Inc. had the following transactions during the month of April: Apr. 4. Purchased office supplies from Officemate Inc. on account, $415. Apr. 9. Purchased office equipment on account from Tek Village Inc., $2,460. Apr. 16. Purchased office supplies from Officemate Inc. on account, $185. Apr. 19. Purchased office supplies from Paper-to-Go Inc. on account, $195. Apr. 27. Paid invoice on April 4 purchase from Officemate Inc. a. Prepare a purchases journal to record the April purchase transactions for Guardian Services Inc. If an amount box does not require an entry, leave it blank. If no entry is required in "Other Accounts Dr." then select "No entry required". PURCHASES JOURNAL DATE Account Credited Post. Ref. Accounts Payable Cr. Office Supplies Dr. Other Accounts Dr. Post. Ref. Amount Apr. 4 Apr. 9 Apr. 16 Apr. 19 Apr. 30 Total b. What is the total amount posted to the accounts payable and office supplies accounts from the purchases journal for April? Credit to accounts payable $ Debit to office supplies $ c. What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?

Answer 1

Answer:

Explanation:

PURCHASES JOURNAL DR CR

Apr 4 Office supplies. $415

Apr 9 Office Equipment $2,460

Apr 16 Office supplies. $185

Apr 19 Office supplies. $195

TOTAL BAL $3,355

ACCOUNT PAYABLE. DR CR

Apr 4 Office supplies. $415

Apr 9 Office Equipment $2,460

Apr 16 Office supplies. $185

Apr 19 Office supplies. $195

Apr 27 Office supplies. $415

Bal c/d. $415 $3,355

BAL B/F. $2,950

Office mate has a balance of $185 as at Apr 30