Question

cercise 8.3 Recording credit purchases. LO 8-1 e following transactions took place at Sonoma Auto Parts and Custom Shop during the DATE TRANSACTIONS ly 1 Purchased batteries for $1,890 plus a freight charge of $95 from Batteries Plus Corporation; received Invoice 6812, dated June 27, which has terms of n/30. 3 Purchased mufflers for $4,250 plus a freight charge of $99 from Performance Mufflers; received Invoice 441, dated June 30, which has terms of 1/10, n/60. 5 Purchased car radios for $2,470 plus freight of $127 from Harbor Sounds Shop, Inc.; received Invoice 5601, dated July 1, which has terms of 2/10, n/30. 10 Purchased truck tires for $6,270 from Specialty Tire Company; received invoice 1102, datedJuly 8, which has terms of 2/10, n/3e. dicate how these transactions would be entered in a purchases journal.

Answer 1

Purchases Journal

Date	Purchased from	Invoice Number	Invoice date	Terms	Accounts payable credit	Purchases debit	Freight in debit
July 1	Batteries plus corporation	6812	June 27	n/30	1,985	1,890	95
July 3	Performers mufflers	441	June 30	1/10, n/60	4,349	4,250	99
July 5	Harbor sounds shop	5601	July 1	2/10, n/30	2,597	2,470	127
July 10	Specialty tire company	1102	July 8	2/10, n/30	6,270	6,270	0

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