Suppan Company completes these transactions during November of the current year (terms for all its credit sales are 2y10, ny30). Suppan Company completes these transactions during November of the current year (terms for all its credit sales are 2y10, ny30).
Nov 1 Purchased $5,062 of office equipment on credit from Blix Supply, invoice dated November 1,

terms ny10 EOM.

2 Borrowed $86,250 cash from Kansas Bank by signing a long-term note payable.

4 Purchased $11,400 of merchandise from ATM Industries, invoice dated November 3, terms

2y10, ny30.

5 Purchased $1,020 of store supplies on credit from Globe Company, invoice dated November 5,

terms ny10 EOM

8 Sold merchandise on credit to Sid Ragan, Invoice No. 439, for $6,350 (cost is $3,710).

10 Sold merchandise on credit to Carlos Mane, Invoice No. 440, for $12,500 (cost is $7,500).

11 Purchased $2,887 of merchandise from Xu Company, invoice dated November 10, terms 2y10,

ny30.

12 Sent ATM Industries Check No. 633 in payment of its November 3 invoice less the discount.

15 Issued Check No. 634, payable to Payroll, in payment of sales salaries expense for the first half of

the month, $8,435. Cashed the check and paid the employees.

15 Cash sales for the first half of the month are $27,170 (cost is $17,000). (Cash sales are recorded

daily but are recorded only twice in this problem to reduce repetitive entries.)

18 Received payment from Sid Ragan for the November 8 sales less discount.

19 Received payment from Carlos Mane for the November 10 sales less discount.

19 issued check No. 635 to Xu Company in payment of its invoice of November 10 less discount.

Required

Required
1. Enter these transactions in a sales journal, a purchases journal, a cash receipts journal, a cash disbursements, or
a general journal. Number all journal pages as page 2.
2. Prepare Journal entries for each Special Journals .