Trimble Company began business on July 1. They use the perpetual inventory method. The following transactions involving purchases and cash disbursements occurred during July.
July July July July July 4581022 Purchased $25,000 of merchandise inventory on credit from the Fort City Company, terms 2/10,n/30. Invoice dated July 1. Purchased $12,000 of merchandise inventory on credit from the Phoenix Company, terms 2/10, n/30. Invoice dated July 2. Purchased $3,000 of office supplies for cash from Gleason Co. Check no. 1267. Purchased $36,000 of office equipment on credit from Office Minder, terms n/60. Invoice dated July 3. Paid the amount due for the merchandise purchased from Fort City Company. Check no. 1268. Co. Check no. 1269. a. Use the purchases journal and the cash disbursements journal provided to record these transactions.
b. Prepare a schedule of accounts payable as of July 31. There were no accounts payable on July 1.
Definitions:
Discrimination Lawsuits
Legal actions taken against individuals or entities accused of unfair treatment based on race, gender, age, disability, or other protected statuses.
Unjust Dismissal
Termination of employment that is unfair, without proper cause, or in violation of legal guidelines.
Job Success
Achieving or exceeding the desired outcomes or objectives associated with performing a particular job role.
Behavioral Observation Scales (BOS)
A method used in performance management that involves rating employee behaviors or actions as part of the evaluation process.