Gomez Company uses a sales journl, purchases journal, cash receipts journal, cash payments journal, and...

90.2K

Verified Solution

Question

Accounting

Gomez Company uses a sales journl, purchases journal, cash receipts journal, cash payments journal, and general journal. journalize the following transactions that should be recorded in the purchase journal
image
Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. July 1 Purchased $16,500 of merchandise on eredit from Hector Company, terms n/15. July 4 sold merchandise costing $520 to C. Paul for $630 cash. July 8 purchased $500 of office supplies from thang Company on credit, terms n/30. July 15 paid Hector $16,500 cash for the merchandise purchased on July 1. July 21 Purchased $945 of store supplies on eredit from staples, terms n/30. July 22 Sold merchandise eosting $2,200 to Nierorran for $2,700 on crodit, terms n/30. July 23 Purchased office supplies from Depot for $325 eash. July 25 Purchased $3,800 of merchandise on eredit from Alfredo Company, terms a/30. July 27 Paid employee salaries of $1,850 in cash

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students