In: Accounting
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.
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) |