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Use Western Ski Shop's purchases journal to address these questions that Steve Austin, the owner...

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Accounting

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Use Western Ski Shop's purchases journal to address these questions that Steve Austin, the owner of the business, is faced with. i. (Click the icon to view the purchases journal.) 1. How much were Western's total purchases of inventory during November? 2. Suppose it is December 1 and Western wishes to pay the full amount that Western owes on account. Examine the purchases journal. Then make a general journal entry to record payment of the correct amount on December 1. Include an explanation. What other entry would have to be made to keep the ledgers in balance? 1. How much were Western's total purchases of inventory during November? Western's purchases of inventory on account during November totalled S 2. Suppose it is December 1 and Western wishes to pay the full amount that Westem owes on account. Examine the purchases journal. Then make a general journal entry to record payment of the correct amount on December 1. Include an explanation. What other entry would have to be made to keep the ledgers in balance? (Record debits first, then credits. Enter explanations on the last line.) Journal Entry More info

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