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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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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
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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