Jones Co has the following transactions：1 Payment of $400 to
J、Bloggs for a cash purchase2 Payment of $250 to
J、Doe in respect of an invoice for goods purchased last monthWhat are the correct ledger entries to record these transactions?
A、Dr Cash $650 Cr Purchases $650
B、Dr Purchases $650 Cr Cash $650
C、Dr Purchases $400 Dr Trade Payables $250 Cr Cash $650
D、Dr Cash $650 Cr Trade Payables $250 Cr Purchases $400
J、Bloggs for a cash purchase2 Payment of $250 to
J、Doe in respect of an invoice for goods purchased last monthWhat are the correct ledger entries to record these transactions?
A、Dr Cash $650 Cr Purchases $650
B、Dr Purchases $650 Cr Cash $650
C、Dr Purchases $400 Dr Trade Payables $250 Cr Cash $650
D、Dr Cash $650 Cr Trade Payables $250 Cr Purchases $400
【参考答案及解析】
Dr Purchases $400 Dr Trade Payables $250 Cr Cash $650 A payment is a credit to the cash account. The payment to J Bloggs is a cash purchase and so the double entry is Dr Purchases, Cr Cash. Remember that the purchase from J Doe has already been recorded as Dr Purchases, Cr Trade Payables, so the payment of cash to clear the invoice should now be recorded as Dr Trade Payables, Cr Cash
Dr Purchases $400 Dr Trade Payables $250 Cr Cash $650 A payment is a credit to the cash account. The payment to J Bloggs is a cash purchase and so the double entry is Dr Purchases, Cr Cash. Remember that the purchase from J Doe has already been recorded as Dr Purchases, Cr Trade Payables, so the payment of cash to clear the invoice should now be recorded as Dr Trade Payables, Cr Cash