Golden Corporation had the following transactions:
$\begin{array}{|l|l|}\hline Oct~ 1&\text{Purchased merchandise inventory on account with credit terms of 1 / 1}0 , \mathrm { n } / 30 \text{ from Rice Co. \$ 2,100.}\\hline
10&\text{Purchased office supplies on account from MET Co., \$ 250. Terms were n/EOM.}\\hline
26&\text{Purchased furniture on account with credit terms of 2 / 10} , \mathrm { n } / 60 \text{ from Ocean Co., \$ 1,700.}\\hline\\hline
\end{array}$ Use the following purchases journal to record the preceding transactions.The company uses a perpetual inventory system.

Question

Golden Corporation had the following transactions:
 $\begin{array}{|l|l|}\hline Oct~ 1&\text{Purchased merchandise inventory on account with credit terms of 1 / 1}0 , \mathrm { n } / 30 \text{ from Rice Co. \$ 2,100.}\\hline
10&\text{Purchased office supplies on account from MET Co., \$ 250. Terms were n/EOM.}\\hline
26&\text{Purchased furniture on account with credit terms of 2 / 10} , \mathrm { n } / 60 \text{ from Ocean Co., \$ 1,700.}\\hline\\hline
\end{array}$ Use the following purchases journal to record the preceding transactions.The company uses a perpetual inventory system.

Quizplus · Accepted Answer

The Answer of Golden Corporation had the following transactions:
 $\begin{array}{|l|l|}\hline Oct~ 1&\text{Purchased merchandise inventory on account with credit terms of 1 / 1}0 , \mathrm { n } / 30 \text{ from Rice Co. \$ 2,100.}\\hline
10&\text{Purchased office supplies on account from MET Co., \$ 250. Terms were n/EOM.}\\hline
26&\text{Purchased furniture on account with credit terms of 2 / 10} , \mathrm { n } / 60 \text{ from Ocean Co., \$ 1,700.}\\hline\\hline
\end{array}$ Use the following purchases journal to record the preceding transactions.The company uses a perpetual inventory system.

Golden Corporation Had the Following Transactions Use the Following Purchases Journal to Record the Preceding Transactions