Guardian Services Inc. had the following transactions during the month of April: Apr. 4. Purchased office supplies from Officemate Inc. on account, $415

Guardian Services Inc. had the following transactions during the month of April:

Apr.  

4. Purchased office supplies from Officemate Inc. on account, $415.

9. Purchased office equipment on account from Tek Village Inc., $2,460.

16. Purchased office supplies from Officemate Inc. on account, $185.

19. Purchased office supplies from Paper-to-Go Inc. on account, $195.

27. Paid invoice on April 4 purchase from Officemate Inc.

a. Record the June purchase transactions for Guardian Services Inc. in the following purchases journal format:

PURCHASES JOURNAL Date Account Credited Post. Ref. Accts. Payable   Cr. Office Supplies Dr. Other Accounts Dr. Post. Ref. Amount

b. What is the total amount posted to the accounts payable and office supplies accounts from the purchases journal for April?

c. What is the April 30 balance of the Officemate Inc. creditor account assuming a zero balance on April 1?  

Answer:

a.

 Apr. 4415 415

92,460 Office Equipment 2,460

16185 185

19195 195

303,255 7952,460

b. Credit to Accounts Payable [from purchases journal column total in (a)].

Debit to Office Supplies [from purchases journal column total in (a)].

c. $185  ($0 + $415 + $185 – $415)