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#3 Points possible: 40, Total attempts: O ABC Company uses the following journals in it's...

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Accounting

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#3 Points possible: 40, Total attempts: O ABC Company uses the following journals in it's accounting system: Sales Journal, Purchase Journal, Cash Receipts Journal, Cash Disbursements Journal, and General Journal. Use the Purchases Journal and Cash Disbursements Journal below to record the (Round all calculations to the nearest whole dollar) following transactions for January Jan 5 ABC Company purchased office equipment from Equipment, Inc. for $15,000 cash. Jan 8 ABC Company purchased $2,000 in inventory from Bottle Inc. terms 1/10, n/30. Jan 15 ABC Company purchased $1,000 of inventory from Sampson Company for cash. Jan 19 ABC Company made a S1,500 partial payment to Bottle Inc. for the purchase on Janunary 8th. Jan 23 ABC Company purchased $500 of office supplies on credit from Office Depot to be paid in 30 days. Jan 26 ABC Company paid it's employees 53,500 for wages. (we are ignoring payroll taxes for this transaction). Jan 31 ABC Company paid S4,250 rent for the current month to Noors, LP (their landloard). Purchases Journal Date Accounts A/P (Credit) Inventory (Debit) Other Accounts (Debit) Totals Cash Disbursements Journal Cash Inventory A/P Other Accounts Account (Debited(Credit) (Debit)bit(Debit) Date Payee Totals

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