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Record the following transactions for Red Wood Trails in a general journal. June 3 Purchased $3,985...

Question

Record the following transactions for Red Wood Trails in a general journal. June 3 Purchased $3,985...

Record the following transactions for Red Wood Trails in a general journal. June 3 Purchased $3,985 of merchandise on account
Record the following transactions for Red Wood Trails in a general journal. June 3 Purchased $3,985 of merchandise on account from JVC Co. Purchased $2,300 of merchandise on account from Prime Target and Co. Credit terms 2/10, n/30. 9 12 Purchased $675 of store supplies on account from Craft Shop. 13 Paid for June 3 purchase of merchandise from JVC Co. Paid for June 9 purchase of merchandise from Prime Target and Co. 19 If an amount box does not require an entry, leave it blank. Page: 1 POST. DESCRIPTION DATE DEBIT CREDIT REF 1 Jun. 3 2 3 Jun. 9 4 4 5 Jun. 12 6 6 7 Jun. 13 7 8 8 Jun. 19 10 10 11 11

Answers

Journal entry

Date General Journal Debit Credit
1 June 3 Purchase 3985
2 Account payable-JVC Co 3985
3 June 9 Purchase 2300
4 Account payable-Prime target and Co 2300
5 June 12 Purchase 675
6 Account payable-Craft Shop 675
7 June 13 Account payable-JVC Co 3985
8 Cash 3985
9 June 19 Account payable-Prime target and Co 2300
10 Cash (2300*98%) 2254
11 Purchase discount 46


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