Record the transaction(s) for September that should be journalized in the sales journal and the…

 
   

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Gomes Company uses special journals and a general journal. The following transactions occurred during September 2014.

2

Sold merchandise on account to H. Drew, invoice no. 101, $620, terms n/30.

The cost of the merchandise sold was $420.

10

Purchased merchandise on account from A. Pagan $650, terms 2/10, n/30.

12

Purchased office equipment on account from R. Cairo $6,500.

21

Sold merchandise on account to G. Holliday, invoice no. 102 for $800, terms

2/10, n/30. The cost of the merchandise sold was $480.

25

Purchased merchandise on account from D. Downs $860, terms n/30.

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.