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

Essay

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