Question

In: Accounting

Purchases and Cash Payments Journals Transactions related to purchases and cash payments completed by Wisk Away...

Purchases and Cash Payments Journals Transactions related to purchases and cash payments completed by Wisk Away Cleaning Services Inc. during the month of May 20Y5 are as follows:

May 1. Issued Check No. 57 to Bio Safe Supplies Inc. in payment of account, $345.

May 3. Purchased cleaning supplies on account from Brite N’ Shine Products Inc., $200

. May 8. Issued Check No. 58 to purchase equipment from Carson Equipment Sales, $2,860.

May 12. Purchased cleaning supplies on account from Porter Products Inc., $360.

May 15. Issued Check No. 59 to Bowman Electrical Service in payment of account, $145.

May 18. Purchased supplies on account from Bio Safe Supplies Inc., $240.

May 20. Purchased electrical repair services from Bowman Electrical Service on account, $110.

May 26. Issued Check No. 60 to Brite N’ Shine Products Inc. in payment of May 3 invoice.

May 31. Issued Check No. 61 in payment of salaries, $5,600.

Wisk Away Cleaning Services Inc. uses the following accounts:

Cash 11

Cleaning Supplies 14

Equipment 18

Accounts Payable 21

Salary Expense 51

Electrical Service Expense 53

Prepare a purchases journal and a cash payments journal to record the above transactions in chronological order. If an amount box does not require an entry, leave it blank and select "No entry required" from the dropdown.

Solutions

Expert Solution

PURCHASES JOURNAL PAGE 36
DATE Account Credited Post. Ref. Accounts Payable Cr. Cleaning Supplies Dr. Other Accounts Dr. Post. Ref. Amount
20Y5
3-May Brite N' Shine Products Inc. $200.00 $200.00 No entry required
12-May Porter Products Inc. $360.00 $360.00 No entry required
18-May Bio Safe Supplies Inc. $240.00 $240.00 No entry required
20-May Bowman Electrical Service $110.00 Electrical Service Expense 53 $110.00
31-May Tototal $910.00 $800.00 $110.00
(21) (14)
CASH PAYMENTS JOURNAL PAGE 41
DATE Ck. No. Account Debited Post. Ref. Other Accounts Dr. Accounts Payable Dr. Cash Cr.
20Y5
1-May Bio Safe Supplies Inc. $345.00 $345.00
8-May Equipment 18 $2,860.00 $2,860.00
15-May Bowman Electrical Service $145.00 $145.00
26-May Brite N' Shine Products Inc. $240.00 $240.00
31-May Salary Expense 51 $5,600.00
31-May Tototal $8,460.00 $730.00 $3,590.00
21) (11)

Related Solutions

Enter the Transactions in the appropriate journal. Journals include Sales, Cash Receipts, Cash Payments, Purchases, and...
Enter the Transactions in the appropriate journal. Journals include Sales, Cash Receipts, Cash Payments, Purchases, and General Journal Trans. 1 Cash register summary Cash sales merchandise $1,822.41 Sales tax 91.12 Received on account Monique Gonzales 200.00 Total cash 2,113.53 Sales on account Robert Max Invoice #14892 $326.82 Sales tax 16.34 Total sale 343.16 Enter the cash sales and the received on account into the cash receipts journal; enter each on its own line. Enter the sale on account into the...
Purchases and Cash Payments Journals; Accounts Payable Subsidiary and General Ledgers AquaFresh Water Testing Service was...
Purchases and Cash Payments Journals; Accounts Payable Subsidiary and General Ledgers AquaFresh Water Testing Service was established on April 16. AquaFresh uses field equipment and field supplies (chemicals and other supplies) to analyze water for unsafe contaminants in streams, lakes, and ponds. Transactions related to purchases and cash payments during the remainder of April are as follows: April 16. Issued Check No. 1 in payment of rent for the remainder of April, $3,500. April 16. Purchased field supplies on account...
Purchases and Cash Payments Journals; Accounts Payable subsidiary and General Ledgers West Texas Exploration Co. was...
Purchases and Cash Payments Journals; Accounts Payable subsidiary and General Ledgers West Texas Exploration Co. was established on October 15 to provide oil-drilling services. West Texas uses field equipment (rigs and pipe) and field supplies (drill bits and lubricants) in its operations. Transactions related to purchases and cash payments during the remainder of October are as follows: Oct. 16. Issued Check No. 1 in payment of rent for the remainder of October, $7,000. 16. Purchased field equipment on account from...
Purchases and Cash Payments Journals; Accounts Payable subsidiary and General Ledgers West Texas Exploration Co. was...
Purchases and Cash Payments Journals; Accounts Payable subsidiary and General Ledgers West Texas Exploration Co. was established on October 15 to provide oil-drilling services. West Texas uses field equipment (rigs and pipe) and field supplies (drill bits and lubricants) in its operations. Transactions related to purchases and cash payments during the remainder of October are as follows: Oct. 16. Issued Check No. 1 in payment of rent for the remainder of October, $7,000. 16. Purchased field equipment on account from...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2–30 are as follows: Apr. 2. Issued Invoice No. 793 to Ohr Co., $6,730. Apr. 5. Received cash from Mendez Co. for the balance owed on its account. Apr. 6. Issued Invoice No. 794 to Pinecrest Co., $2,420. Apr. 13. Issued Invoice No. 795 to Shilo Co., $3,610. Post revenue and collections...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2–30 are as follows: Apr. 2. Issued Invoice No. 793 to Ohr Co., $4,680. Apr. 5. Received cash from Mendez Co. for the balance owed on its account. Apr. 6. Issued Invoice No. 794 to Pinecrest Co., $1,990. Apr. 13. Issued Invoice No. 795 to Shilo Co., $3,450. Post revenue and collections...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2–30 are as follows: Apr. 2. Issued Invoice No. 793 to Ohr Co., $4,680. Apr. 5. Received cash from Mendez Co. for the balance owed on its account. Apr. 6. Issued Invoice No. 794 to Pinecrest Co., $1,990. Apr. 13. Issued Invoice No. 795 to Shilo Co., $3,450. Post revenue and collections...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2–30 are as follows: Apr. 2. Issued Invoice No. 793 to Ohr Co., $5,160. Apr. 5. Received cash from Mendez Co. for the balance owed on its account. Apr. 6. Issued Invoice No. 794 to Pinecrest Co., $1,860. Apr. 13. Issued Invoice No. 795 to Shilo Co., $2,770. Post revenue and collections...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2–30 are as follows: Apr. 2. Issued Invoice No. 793 to Ohr Co., $7,520. Apr. 5. Received cash from Mendez Co. for the balance owed on its account. Apr. 6. Issued Invoice No. 794 to Pinecrest Co., $2,710. Apr. 13. Issued Invoice No. 795 to Shilo Co., $4,040. Post revenue and collections...
venue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and...
venue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2–30 are as follows: Apr. 2. Issued Invoice No. 793 to Ohr Co., $4,680. Apr. 5. Received cash from Mendez Co. for the balance owed on its account. Apr. 6. Issued Invoice No. 794 to Pinecrest Co., $1,990. Apr. 13. Issued Invoice No. 795 to Shilo Co., $3,450. Post revenue and collections...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT