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, $640. Apr. 9. Purchased office equipment, Inc. on account from Tek Village Inc., $2,530. Apr. 16. Purchased office supplies from Officemate, Inc. on account, $170. Apr. 19. Purchased office supplies from Paper-to-Go Inc. on account, $260. 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? $ Check My Work

Answer 1

a) JOURNAL ENTRIES IN THE BOOKS OF JOURNAL GUARDIAN SERVICES Inc

April 4 office supplies a/c................................dr $640

To Officemate Inc $640

(Being the office supplies bought from the

officemate inc on account )

April 9 office equipment a/c ..........................dr $2530

to Tek village inc $2530

(Being the office equipment bought from

Tek village on account)

April 16 office supplies a/c................................dr $ 170

To Officemate Inc $ 170

(Being the office supplies bought from the

officemate inc on account )

April 19 office supplies a/c................................dr $ 260

To Paper-to-go Inc a/c $ 260

(Being the office supplies bought from the

Paper-to-go Inc on account )

April 27 officemate inc a/c ..............................................dr $ 640

To cash a/c $ 640

(Being cash paid to officemate inc for the invoice

on April 4 for the amount of $640)

PURCHASE JOURNAL FOR THE MONTH OF APRIL

DATE PARTICULARS INVOICE NO AMOUNT

April 4 officemate $640

April 9 tek village $2530

April 16 officemate $170

April 19 paper-to-go $260

TOTAL $ 3600

b) the total amount to be posted to the accounts payable for the month of april is as follows

$640+$2530+$170+$260= $3600

BALANCE OF OFFICEMATE AS ON APRIL 30 is

opening balance (as said in question = 0) 0

purchases for the month on credit  

April 4   $640

April 16 $170 $810

cash paid during the month ($640)

net balance as on April 30 $170

SO, HERE ALL THE INFORMATION REQUIRED TO SOLVE THE ABOVE GIVEN QUESTION

I HOPE, ALL THE GIVEN INFORMATION IS HELPFUL TO YOU.

THANK YOU.