Hawk Company uses a single-column purchases journal a cash payments journal and a general journal to record transactions with its suppliers and others. Record the following transactions in the appropriate journals.
Transactions
Oct. 5 Purchased merchandise on account for $19000 from Harrelson Company. Terms: 2/10 n/30; FOB shipping point.
Oct. 6 Paid $6600 to Ken's Insurance Company for a two-year fire insurance policy.
Oct. 8 Purchased store supplies on account for $600 from Stone Pony Supply Company. Terms: 2/10 n/30.
Oct. 11 Purchased merchandise on account for $15000 from Steve Corporation. Terms: 2/10 n/30; FOB shipping point.
Oct. 13 Granted a reduction of $3000 from Steve Corporation for merchandise purchased on October 11 and returned because of damage.
Oct. 15 Paid Harrelson Company for merchandise purchased on October 5 less discount.
Oct. 16 Purchased merchandise for $9000 cash from Williams Company.
Oct. 21 Paid Steve Corporation for merchandise purchased on October 11 less merchandise returned on October 13 less discount.
Oct. 25 Purchased merchandise on account for $21000 from Ozzle Company. Terms: 2/10 n/30; FOB shipping point.
Oct. 31 Purchased equipment for $27000 cash from Guillen Office Supply Company.

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The Answer of Hawk Company uses a single-column purchases journal a cash payments journal and a general journal to record transactions with its suppliers and others. Record the following transactions in the appropriate journals.
Transactions
Oct. 5 Purchased merchandise on account for $19000 from Harrelson Company. Terms: 2/10 n/30; FOB shipping point.
Oct. 6 Paid $6600 to Ken's Insurance Company for a two-year fire insurance policy.
Oct. 8 Purchased store supplies on account for $600 from Stone Pony Supply Company. Terms: 2/10 n/30.
Oct. 11 Purchased merchandise on account for $15000 from Steve Corporation. Terms: 2/10 n/30; FOB shipping point.
Oct. 13 Granted a reduction of $3000 from Steve Corporation for merchandise purchased on October 11 and returned because of damage.
Oct. 15 Paid Harrelson Company for merchandise purchased on October 5 less discount.
Oct. 16 Purchased merchandise for $9000 cash from Williams Company.
Oct. 21 Paid Steve Corporation for merchandise purchased on October 11 less merchandise returned on October 13 less discount.
Oct. 25 Purchased merchandise on account for $21000 from Ozzle Company. Terms: 2/10 n/30; FOB shipping point.
Oct. 31 Purchased equipment for $27000 cash from Guillen Office Supply Company.

Hawk Company Uses a Single-Column Purchases Journal a Cash Payments