Transactions related to purchases and cash payments completed by Wisk Away Cleaning Services Inc. during the month of May 20Y5 are as follows:
May
1. Issued Check No. 57 to Bio Safe Supplies Inc. in payment of account, $345.
3. Purchased cleaning supplies on account from Brite N’ Shine Products Inc., $200.
8. Issued Check No. 58 to purchase equipment from Carson Equipment Sales, $2,860.
12. Purchased cleaning supplies on account from Porter Products Inc., $360.
15. Issued Check No. 59 to Bowman Electrical Service in payment of account, $145.
18. Purchased supplies on account from Bio Safe Supplies Inc., $240.
20. Purchased electrical repair services from Bowman Electrical Service on account, $110.
26. Issued Check No. 60 to Brite N’ Shine Products Inc. in payment of May 3 invoice.
31. Issued Check No. 61 in payment of salaries, $5,600.
Prepare a purchases journal and a cash payments journal to record these transactions. The forms of the journals are similar to those illustrated in the text. Place a check mark (✓) in the Post. Ref. column to indicate when the accounts payable subsidiary ledger should be posted. Wisk Away Cleaning Services Inc. uses the following accounts:
Cash 11
Cleaning Supplies 14
Equipment 18
Accounts Payable 21
Salary Expense 51
Electrical Service Expense 53
Answer:
20Y5
May 39
129
189
20953 110
31110
Page 41
20Y5
May 1 57 Bio Safe Supplies Inc. 9 345
8 58 Equipment182,860
15 59 Bowman Electrical Service 9 145
26 60 Brite N' Shine Products Inc. 9 200
31 61 Salary Expense 515,600
319,150
(11)
