Question

Kelley Company has completed October's sales journals and purchases journals (see below). Round your answers to the nearest cent.

			SALES JOURNAL			Page 18
	DATE		INV. NO.	CUSTOMER'S NAME	POST. REF.	ACCOUNTS RECEIVABLE DR. SALES CR.
	20--				✓
	Oct.	3	414	Anderson Company	✓	443.24
		4	415	R. T. Holcomb	✓	1,426.90
		7	416	Gray and Malo	✓	1,647.00
		11	417	Mercer Mobil	✓	3,112.16
		16	418	J. L. Anthony	✓	2,130.00
		22	419	C. A. Goldschmidt	✓	1,944.05
		31	420	F. A. Baumann	✓	2,791.00
		31		Total
						()  ()

			PURCHASES JOURNAL							Page 10
	DATE		SUPPLIER'S NAME	INV. NO.	INV. DATE.	TERMS	POST. REF.	ACCOUNTS PAYABLE CREDIT	FREIGHT IN DEBIT	PURCHASES DEBIT
	20--
	Oct.	2	Colter, Inc.	2706	7/31	2/10, n/30	✓	759.00	49.00	710.00
		3	Thomas and Son	982	8/2	n/30	✓	829.00	57.00	772.00
		5	Archer Manufacturing Co.	10611	8/3	2/10, n/30	✓	564.00		564.00
		9	Spence Products Co.	B643	8/6	1/10, n/30	✓	165.00	10.00	155.00
		18	L. C. Walter	46812	8/17	n/60	✓	228.00		228.00
		25	Delaney and Cox	1024	8/23	2/10, n/30	✓	376.00	14.00	362.00
		26	Colter, Inc.	2801	8/25	2/10, n/30	✓	406.00	22.00	384.00
		31	Totals
								()	()	()

Answer 1

Sales journal

Accounts receivable receivables Dr $13, 494

To sales Cr $13, 494

Purchase Journal

Purchase Dr $3, 175

Freight Dr $152

To Accounts Payable Cr $3, 327