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14 January, 21:17

Guardian Services Inc. had the following transactions during the month of April: Apr. 4. Purchased office supplies from Officemate, Inc. on account, $460. Apr. 9. Purchased office equipment, Inc. on account from Tek Village Inc., $1,820. Apr. 16. Purchased office supplies from Officemate, Inc. on account, $120. Apr. 19. Purchased office supplies from Paper-to-Go Inc. on account, $190. Apr. 27. Paid invoice on April 4 purchase from Officemate, Inc. Prepare a purchases journal to record the April purchase transactions for Guardian Services Inc.

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  1. 14 January, 23:53
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    supplies 770 * debit

    office equipment 1,820 debit

    cash 460 credit

    accounts payable 2,130 credit

    - - to transfer subsidiary purchase book into journal - -

    Explanation:

    we will do a single entry for the whole purchases of the month.

    we add the supplies purchases:

    *supplies purchases:

    Apr 4 460

    Apr 16 120

    Apr 19 190

    770

    We calcualte the accoutn payable balance:

    account payable:

    770 supplies purhcase + 1,820 equipment purchase - 460 payment = 2,130

    then cash used for 460

    and equipment purchase for 1,820

    the purchases assets goes into debit side

    while the account payable and the cash used on credit
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