Prepare a schedule of accounts payable using the balances from the accounts payable ledger.
Prepare a schedule of accounts payable using the balances from the accounts payable ledger.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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Prepare a schedule of accounts payable using the balances from the accounts payable ledger.
![DATE
Aug 1
Aug 6
Aug. 13
Aug 23
Aug. 23
Aug 24
Aug 24
Aug 31
ACCOUNT TITLE
Central Lumber
Kingstone Construction
Supplies-Store
Commercial Tool Warehouse
Interior Plumbing Parts
Internet Expense
Supplies - Office
Supplies
Supples-Store
Postage Expense
Miscellaneous Expense
Purchases
Central School District
Totals
DO ST
RE
C.
NO.
P₁
|$10
M18
C35
C36
$11
SALES
TAX ACCOUNTS PAYABLE PURCHAS
ES
DEBIT CREDIT DEBIT CREDIT CREDIT CREDIT DEBIT CREDIT DEBIT DEBIT CREDIT
$4,350.00 $4,350.00
ELEVEN COLUMN JOURNAL
ACCOUNTS
RECEIVABLE
GENERAL
$495.00
$ 200.00
$ 20.00
$ 35.00
$ 12.00
$ 63.00
$1,000.00
$3.000.00
$ 831.60
✔S 825.00 $1,000.00 $3,831.60 $
$2,800.00 $ 200.00
$2.000.00
$ 495.00
$ 770.00 $ 61.60
$3,570.00 $ 261.60 $2,000.00 $4,845.00 $4,350.00 S
CASH
$2,000.00
$ 200.00
$2,330.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feb238898-48f8-4577-97e3-048c73195a95%2Fdeebd511-dbfd-4ce3-99cb-1e1507f634e1%2Fxhslvb7x_processed.png&w=3840&q=75)
Transcribed Image Text:DATE
Aug 1
Aug 6
Aug. 13
Aug 23
Aug. 23
Aug 24
Aug 24
Aug 31
ACCOUNT TITLE
Central Lumber
Kingstone Construction
Supplies-Store
Commercial Tool Warehouse
Interior Plumbing Parts
Internet Expense
Supplies - Office
Supplies
Supples-Store
Postage Expense
Miscellaneous Expense
Purchases
Central School District
Totals
DO ST
RE
C.
NO.
P₁
|$10
M18
C35
C36
$11
SALES
TAX ACCOUNTS PAYABLE PURCHAS
ES
DEBIT CREDIT DEBIT CREDIT CREDIT CREDIT DEBIT CREDIT DEBIT DEBIT CREDIT
$4,350.00 $4,350.00
ELEVEN COLUMN JOURNAL
ACCOUNTS
RECEIVABLE
GENERAL
$495.00
$ 200.00
$ 20.00
$ 35.00
$ 12.00
$ 63.00
$1,000.00
$3.000.00
$ 831.60
✔S 825.00 $1,000.00 $3,831.60 $
$2,800.00 $ 200.00
$2.000.00
$ 495.00
$ 770.00 $ 61.60
$3,570.00 $ 261.60 $2,000.00 $4,845.00 $4,350.00 S
CASH
$2,000.00
$ 200.00
$2,330.00
![Accounts Payable
ledger
VENDOR
DATE
Aug 1st Purchases
VENDOR
DATE
Total
Aug 13th Supplies-store
Total
DATE
Aug 23rd balance
Centrala
ITEM
Commercial tool warehouse
ITEM
VENDOR Interior Plumbing Parts
Total
Interior plumbing parts
ITEM
example
B and C Sporting Goods
Schedule of Accounts Payable
April 30, 20xx
Retail Headquarters, Inc.
Sports World International
Warehouse Sporting Supplies
XYZ Sports Outfitters
Total Accounts Payable
POST.
REF
POST
REF
POST
REF
DEBIT
$ 4,350.00
DEBIT
DEBIT
$ 2.000.00
$495.00
$2.350.00
$800.00
$1,200.00
4 $4.845.00
VENDOR NO.
CREDIT
VENDORNO.
$
CREDIT
VENDOR NO
CREDIT
CREDIT
BALANCE
220
$ 4.350.00
495.00 $
$ 4,350.00
CREDIT
BALANCE
$
230
495.00
495.00
240
CREDIT
BALANCE
$ 2,845.00
$ 2,845.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feb238898-48f8-4577-97e3-048c73195a95%2Fdeebd511-dbfd-4ce3-99cb-1e1507f634e1%2Fm4rho77_processed.png&w=3840&q=75)
Transcribed Image Text:Accounts Payable
ledger
VENDOR
DATE
Aug 1st Purchases
VENDOR
DATE
Total
Aug 13th Supplies-store
Total
DATE
Aug 23rd balance
Centrala
ITEM
Commercial tool warehouse
ITEM
VENDOR Interior Plumbing Parts
Total
Interior plumbing parts
ITEM
example
B and C Sporting Goods
Schedule of Accounts Payable
April 30, 20xx
Retail Headquarters, Inc.
Sports World International
Warehouse Sporting Supplies
XYZ Sports Outfitters
Total Accounts Payable
POST.
REF
POST
REF
POST
REF
DEBIT
$ 4,350.00
DEBIT
DEBIT
$ 2.000.00
$495.00
$2.350.00
$800.00
$1,200.00
4 $4.845.00
VENDOR NO.
CREDIT
VENDORNO.
$
CREDIT
VENDOR NO
CREDIT
CREDIT
BALANCE
220
$ 4.350.00
495.00 $
$ 4,350.00
CREDIT
BALANCE
$
230
495.00
495.00
240
CREDIT
BALANCE
$ 2,845.00
$ 2,845.00
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