A company reported the following transactions. Journalize transactions that should be recorded in a purchases...
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Accounting
A company reported the following transactions. Journalize transactions that should be recorded in a purchases journal. March 4 Sold merchandise costing $1,340 to Lee for $3,280 on credit, terms 1/30,n/60. March 5 Purchased merchandise on credit from Long Company for $18,700 on terms n/25. March 12 Purchased office supplies for $480 from Thomas Company on credit, terms n/30. March 15 Purchased $460 of merchandise from Walker Company on credit, terms n/45. March 22 Purchased equipment from Davis for $134 cash. March 26 Paid monthly salary of $5,120 to Smith by issuing Check Number 100
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