Answer to Question #275364 in Accounting for zar

Question

From the transactions below, what's the total in the Purchases Journal?

20X8 

June 1 Purchase goods from M. Nome on credit $16,000; P Royal $300; J Fry $180. 

June 3 Purchased stationery on credit $600

June 10 Goods returned by us to J Fry $20

June 15 Purchase equipment credit to N. Wonder $640. 

June 28 Purchase goods paying by cheque $80

Answer 1

Purchases journal is a special journal used by businesses to record all credit purchases.

Total in purchases journal will be:

June 1 Purchase goods from M. Nome on credit $16,000; P Royal $300; J Fry $180.June 3 Purchased stationery on credit $600 June 15 Purchase equipment credit to N. Wonder $640.

Total will be; $16000 + $300 + $180 + $600 +$640 = $17720