Journalize the Following Transactions

question 14

Essay

Journalize the following transactions. All purchases are on account and subject to terms of 2/10, n/30. The perpetual inventory method is used.
Nov. 3 Purchased merchandise with a price of $4,000 from the Bart Inc.
Nov. 5 Purchased merchandise from the Thies and Co. with a price of $2,000.
Nov. 7 Purchased merchandise with a price of $2,000 from the Montana Supply Co.
Nov. 10 Paid the amount due to Bart Inc.
Nov. 12 Paid the amount due to Thies and Co.
Nov. 23 Paid the amount due to Montana Supply Co.
-Journalize the Nov. 3 transaction.
__________________________________________ __________ __________
__________________________________________ __________ __________

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Definitions:

Priorities Clear

emphasizes the importance of establishing and understanding which tasks or goals are most essential and should be addressed first.

Open Minded

The willingness to consider and accept new and diverse perspectives, ideas, and experiences without prejudice.

Ohio State Studies

A series of studies that identified two critical dimensions of leader behavior: consideration (focusing on the well-being and needs of team members) and initiating structure (organizing work tasks and roles).

Leader Behaviors

Actions and attitudes exhibited by individuals in leadership positions as they guide, influence, or direct others.