Gomes Company uses special journals and a general journal. The following transactions occurred during September 2014.
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2 |
Sold merchandise on account to H. Drew, invoice no. 101, $620, terms n/30. |
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The cost of the merchandise sold was $420. |
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10 |
Purchased merchandise on account from A. Pagan $650, terms 2/10, n/30. |
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12 |
Purchased office equipment on account from R. Cairo $6,500. |
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21 |
Sold merchandise on account to G. Holliday, invoice no. 102 for $800, terms |
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2/10, n/30. The cost of the merchandise sold was $480. |
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25 |
Purchased merchandise on account from D. Downs $860, terms n/30. |
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27 |
Sold merchandise to S. Miller for $700 cash. The cost of the merchandise sold was $400. |
Instructions
(a) Prepare a sales journal and a single column purchases journal.
(b) Record the transaction(s) for September that should be journalized in the sales journal and the purchases journal.