Selected accounts from the ledgers of Kaylee Frye Company at July 31 showed the following.
Selected accounts from the ledgers of Kaylee Frye Company at July 31 showed the following.
GENERAL LEDGER
Equipment
No. 153
Date
Explanation
Ref.
Debit
Credit
Balance
July 1
G1
3,900
3,900
Accounts Payable
No. 201
Date
Explanation
Ref.
Debit
Credit
Balance
July 1
G1
3,900
3,900
15
G1
400
4,300
18
G1
100
4,200
25
G1
200
4,000
31
P1
8,300
12,300
Inventory
Date
Explanation
Ref.
Debit
Credit
Balance
July 15
100
400
100
18
200
100
200
25
100
200
100
31
200
8,300
200
ACCOUNTS PAYABLE LEDGER
De Rovin Equipment Co.
Date
Explanation
Ref.
Debit
Credit
Balance
July 1
G1
3,900
3,900
Jewel Co.
Date
Explanation
Ref.
Debit
Credit
Balance
July 3
P1
2,400
2,400
20
P1
700
3,100
Hodge Corp
Date
Explanation
Ref.
Debit
Credit
Balance
July 17
P1
1,400
1,400
18
G1
100
1,300
29
P1
1,600
2,900
Staite Co.
Date
Explanation
Ref.
Debit
Credit
Balance
July 14
P1
1,100
1,100
25
G1
200
900
Sunny Co.
Date
Explanation
Ref.
Debit
Credit
Balance
July 12
P1
500
500
21
P1
600
1,100
Bernardo Inc.
Date
Explanation
Ref.
Debit
Credit
Balance
July 15
G1
400
400
Instructions
From the data prepare:
(a) The single-column purchases journal for July.
(b) The general journal entries for July.
