Meloon Lawn Supply Company uses a multicolumn

purchases journal and

Meloon Lawn Supply Company uses a multicolumn purchases journal and a general journal
similar to those illustrated in the text. The company also maintains an accounts payable
subsidiary ledger. The items that follow represent the company’s credit transactions for the
month of July.July 2 Purchased merchandise from Diego Fertilizer Company, $2,640.3
Purchased office supplies of $166 and store supplies of $208 from Laronne Supply, Inc.5
Purchased cleaning equipment from Whitman Company, $1,856.7 Purchased display
equipment from Laronne Supply, Inc., $4,700.10 Purchased lawn mowers from Brandon Lawn
Equipment Company, for resale, $8,400 (which included transportation charges of $350).14
Purchased merchandise from Diego Fertilizer Company, $3,444.18 Purchased a lawn mower
from Brandon Lawn Equipment Company to be used in the business, $950 (which included
transportation charges of $70).23 Purchased store supplies from Laronne Supply, Inc., $54.27
Returned a defective lawn mower purchased on July 10 for full credit, $750.Required1. Enter
the preceding transactions in the purchases journal and the general journal. Assume that all
terms are n/30 and that invoice dates are the same as the transaction dates. Use Page 1 for all
references.2. Foot and crossfoot the purchases journal.3. Open the following general ledger
accounts: Store Supplies (116), Office Supplies (117), Lawn Equipment (142), Display
Equipment (144), Cleaning Equipment (146), Accounts Payable (211), Purchases (611),
Purchases Returns and Allowances (612), and Freight In (613). Open accounts payable
subsidiary ledger accounts as needed. Post from the journals to the ledger
accounts.Comprehensive Use of Special-Purpose JournalsView Solution:
Meloon Lawn Supply Company uses a multicolumn purchases journal and
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