Following is information from Jesper Company for its first month of business. Credit Purchases Jan. 9 Bailey Company 18 Johnson Brothers 22 Preston Company $17, 200 8,200 9,400 Cash Paid Jan. 19 Bailey Company 27 Johnson Brothers 31 Preston Company $11,700 8,200 7,000 1. Post the above transactions in the accounts payable subsidiary ledger. 2. Post the accounts payable balance in the general ledger at month's end.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question
Following is information from Jesper Company for its first month of business.
Cash Paid
Jan. 19 Bailey Company
27 Johnson Brothers
31 Preston Company
Credit Purchases
Jan. 9 Bailey Company
18 Johnson Brothers
22 Preston Company
1. Post the above transactions in the accounts payable subsidiary ledger.
2. Post the accounts payable balance in the general ledger at month's end.
Required 1 Required 2
Complete this question by entering your answers in the tabs below.
$17, 200
8,200
9,400
Post the above transactions in the accounts payable subsidiary ledger.
Date
Date
ACCOUNTS PAYABLE LEDGER
Bailey Company
Debit
Credit
Johnson Brothers
Debit
Credit
$11,700
8,200
7,000
Balance
Balance
Transcribed Image Text:Following is information from Jesper Company for its first month of business. Cash Paid Jan. 19 Bailey Company 27 Johnson Brothers 31 Preston Company Credit Purchases Jan. 9 Bailey Company 18 Johnson Brothers 22 Preston Company 1. Post the above transactions in the accounts payable subsidiary ledger. 2. Post the accounts payable balance in the general ledger at month's end. Required 1 Required 2 Complete this question by entering your answers in the tabs below. $17, 200 8,200 9,400 Post the above transactions in the accounts payable subsidiary ledger. Date Date ACCOUNTS PAYABLE LEDGER Bailey Company Debit Credit Johnson Brothers Debit Credit $11,700 8,200 7,000 Balance Balance
Required 1 Required 2
Post the above transactions in the accounts payable subsidiary ledger.
Date
Date
Date
ACCOUNTS PAYABLE LEDGER
Bailey Company
Debit
Credit
Johnson Brothers
Debit
Credit
Preston Company
Debit
Credit
Balance
Balance
Balance
Transcribed Image Text:Required 1 Required 2 Post the above transactions in the accounts payable subsidiary ledger. Date Date Date ACCOUNTS PAYABLE LEDGER Bailey Company Debit Credit Johnson Brothers Debit Credit Preston Company Debit Credit Balance Balance Balance
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Completing the Accounting Cycle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education