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

Question 108

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Golden Company had the following transactions:
 Oct 1 Purchased merchandise inventory on account with credit terms of 1/10,n/30 from  Rice Co., $2,100.10 Purchased office supplies on account from MET Co., $250. Terms were n/EOM26 Purchased furniture on account with credit terms of 2/10,n/60 from Ocean Co. $1,700.\begin{array} { | l | l | } \hline \text { Oct } 1 & \begin{array} { l } \text { Purchased merchandise inventory on account with credit terms of } 1 / 10 , \mathrm { n } / 30 \text { from } \\\text { Rice Co., } \$ 2,100 .\end{array} \\\hline 10 & \text { Purchased office supplies on account from MET Co., } \$ 250 . \text { Terms were } \mathrm { n } / \mathrm { EOM } \\\hline 26 & \begin{array} { l } \text { Purchased furniture on account with credit terms of } 2 / 10 , \mathrm { n } / 60 \text { from Ocean Co. } \\\$ 1,700 .\end{array} \\\hline & \\\hline\end{array} Use the following purchases journal to record the preceding transactions.The company uses a perpetual inventory system.  Golden Company had the following transactions:   \begin{array} { | l | l | }  \hline \text { Oct } 1 & \begin{array} { l }  \text { Purchased merchandise inventory on account with credit terms of } 1 / 10 , \mathrm { n } / 30 \text { from } \\ \text { Rice Co., } \$ 2,100 . \end{array} \\ \hline 10 & \text { Purchased office supplies on account from MET Co., } \$ 250 . \text { Terms were } \mathrm { n } / \mathrm { EOM } \\ \hline 26 & \begin{array} { l }  \text { Purchased furniture on account with credit terms of } 2 / 10 , \mathrm { n } / 60 \text { from Ocean Co. } \\ \$ 1,700 . \end{array} \\ \hline & \\ \hline \end{array}  Use the following purchases journal to record the preceding transactions.The company uses a perpetual inventory system.

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