1. PURCHASE INVOICE 1 4 2 3
1. Stamp date received and purchase invoice number.
2. Place a check mark by each amount.
3. Initials of person who checked invoice.
4. Review vendor’s terms of sale.
Lesson 10-2, page 233

2. PURCHASING MERCHANDISE ON ACCOUNT
November 2. Purchased merchandise on account from Crown Ltd., $2, Purchase Invoice No. 83.
Accounts Payable
Purchases
1. Which accounts are affected?
Purchases
Accounts Payable
Debit
Normal Balance
2,039.00
2. How is each account classified?
Purchases is a cost account.
Accounts Payable is a liability account. 
Credit
Normal Balance
3. How is each classification changed?
Costs are increased.
Liabilities are increased.
2,039.00 
4. How is each amount entered in the accounts?
Costs increase on the debit side.
Liabilities increase on the credit side.
Lesson 10-2, page 234

3. PURCHASING MERCHANDISE ON ACCOUNT2 1 3 4 5
1. Write the date.
2. Write the vendor name in the Account Title column.
3. Write the purchase invoice number in the Doc. No. column.
4. Write the credit amount.
5. Write the debit amount.
Lesson 10-2, page 234

4. BUYING SUPPLIES FOR CASH2 1 3 4 5
1. Write the date.
2. Write the account title.
3. Write the check number.
4. Write the debit amount.
5. Write the credit amount.
Lesson 10-2, page 235

5. BUYING SUPPLIES ON ACCOUNT2 3 6 1 4 5
1. Write the date.
2. Write the account title.
3. Write the memorandum number.
4. Write the debit amount.
5. Write the vendor name.
6. Write the credit amount.
Lesson 10-2, page 236

6. TERMS REVIEW
purchase invoice
terms of sale
Lesson 10-2, page 237