The Fast Frame Shop had the following transactions for the month of January 2019. Record the transactions on page 7 of a purchases journal and page 9 of a general journal. Total, prove, and rule the purchases journal as of January 31.

14 Returned defective frames to Murphy Company and received Credit Memorandum 103 for $50. The frames were originally purchased on Invoice 454 of January 3.
15 Purchased mats for $400 from Wilson Company Products, Invoice 299, dated January 11, net payable in 30 days.
22 Received Credit Memorandum 496 for $150 from Gunther Glass. The amount is an allowance for slightly discolored but usable glass purchased on Invoice 566 of January 5.

Question

The Fast Frame Shop had the following transactions for the month of January 2019. Record the transactions on page 7 of a purchases journal and page 9 of a general journal. Total, prove, and rule the purchases journal as of January 31.

14 Returned defective frames to Murphy Company and received Credit Memorandum 103 for $50. The frames were originally purchased on Invoice 454 of January 3.
15 Purchased mats for $400 from Wilson Company Products, Invoice 299, dated January 11, net payable in 30 days.
22 Received Credit Memorandum 496 for $150 from Gunther Glass. The amount is an allowance for slightly discolored but usable glass purchased on Invoice 566 of January 5.

Quizplus · Accepted Answer

The Answer of The Fast Frame Shop had the following transactions for the month of January 2019. Record the transactions on page 7 of a purchases journal and page 9 of a general journal. Total, prove, and rule the purchases journal as of January 31.

14 Returned defective frames to Murphy Company and received Credit Memorandum 103 for $50. The frames were originally purchased on Invoice 454 of January 3.
15 Purchased mats for $400 from Wilson Company Products, Invoice 299, dated January 11, net payable in 30 days.
22 Received Credit Memorandum 496 for $150 from Gunther Glass. The amount is an allowance for slightly discolored but usable glass purchased on Invoice 566 of January 5.

The Fast Frame Shop Had the Following Transactions for the Month