Question

Lewis Corporation engaged in the following transactions during June. DATE TRANSACTIONS 2019 June 4 Purchased merchandise on account from Salinas Company; Invoice 100 for $1,105; terms n/30. 15 Recorded purchases for cash, $1,590. 30 Paid amount due to Salinas Company for the purchase on June 4. Record these transactions in a general journal.

Answer 1

Date	General Journal	Debit	Credit
Jun-04	Merchandise inventory	$   1,105
	Accounts payable		$   1,105
	(To record purchase for 1,105, terms n/30)
Jun-15	Merchandise inventory	$   1,590
	Cash		$   1,590
	(To record purchase for cash)
Jun-30	Accounts payable	$   1,105
	Cash		$   1,105
	(To record payment of cash on account)

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