Question

Purchases and Cash Payments Journals

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, $210.
3. Purchased cleaning supplies on account from Brite N' Shine Products Inc., $130.
8. Issued Check No. 58 to purchase equipment from Carson Equipment Sales, $2,140.
12. Purchased cleaning supplies on account from Porter Products Inc., $180.
15. Issued Check No. 59 to Bowman Electrical Service in payment of account, $110.
18. Purchased supplies on account from Bio Safe Supplies Inc., $240.
20. Purchased electrical repair services from Bowman Electrical Service on account, $90.
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, $4,110.
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
Prepare a purchases journal and a cash payments journal to record the above transactions in chronological order. If an amount box does not require an entry, leave it blank and select "No entry required" from the dropdown.

Answer 1

Answer and Explanation:

The preparation is shown below:

PURCHASES JOURNAL

DATE Account Post. Accounts Cleaning Other Post. Amt

Credited Ref Payable Cr. Supplies Dr. Accounts Dr. Ref.

20Y5

May 3 Brite N' Shine Products Inc. ✔ $130 $130 No entry required

May 12 Porter Products Inc. ✔ $180 $180 No entry required

May 18 Bio Safe Supplies Inc. ✔ $240 $240 No entry required

May 20 Bowman Electrical Service ✔ $90 Electrical Service Expense 53 $90

May 31 Total $640 $550

$90

($21) ($14)

CASH PAYMENT JOURNAL

DATE Ck. No Account Post. Other Account Cash

Debited Ref Accounts Dr. Payable Dr. Cr.

May 1 57 Bio Safe Supplies Inc. ✔ $210 $210

May 8 58 Equipment 18 $2,140 $2,140

May 15 59 Bowman Electrical Service ✔ $110 $110

May 26 60 Brite N' Shine Products Inc. ✔ $130 $130

May 31 61 Salary Expense 51 $4,110

May 31 Total $6,250 $450 $2,590

(21) (11)