Purchase Ledger
General Ledger Trial Balance
Purchase Ledger Statement
EXERCISE
The transactions given in this exercise are a continuation of the business referred in to the preceding articles. During the month of April the following transactions are recorded.
| Material purchases | $2,670.00 | |
| Supplies purchases | 127.50 | |
| Patterns and tools purchases | 150.00 | |
| Cash received on subscriptions | 25,000.00 | |
| Deposited in Bank | 25,000.00 | |
| Checks drawn | ||
| Purchase accounts | 5,500.00 | |
| Salaries | 375.00 | |
| Pay-rolls | 1,670.20 | |
| distributed as follows: | ||
| Labor | $1,652.70 | |
| Machinery repairs | 17.50 | |
| David Snow | 10,000.00 | |
| (Stock purchased at par by Company) | ||
| The following data is obtained from the reports of foremen andinventories taken at the end of the month: | ||
| Material issued to factory to be used in manufacturing goods. | 2,261.00 | |
| Material used in machinery repairs | 16.70 | |
| Inventories, April 30 | ||
| Supplies | 147.00 | |
| Rent (unexpired) | 150.00 | |
| Power, heat, and light (Coal) | 75.00 | |
| Office supplies | 118.40 | |
| Goods in process—material | 615.00 | |
| Labor | 410.00 | 1,025.00 |
| ——— | ||