Prepare the accounts payable subsidiary ledger, and determine that the total agrees with the ending balance of the accounts payable control account. The solution to this assignment should be in the same format as the Accounts Payable Creditors Balances and the Accounts Payable Control Account in the middle of page 225 of the textbook.
Prepare the accounts payable subsidiary ledger, and determine that the total agrees with the ending balance of the accounts payable control account. The solution to this assignment should be in the same format as the Accounts Payable Creditors Balances and the Accounts Payable Control Account in the middle of page 225 of the textbook.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![The cash payments and purchases journals for Bill's Landscaping Co. are shown below. The accounts payable control account has an April 1, 2019, balance of
$6,986, consisting of an amount owed to Augusta Sod Co.
CASH PAYMENTS JOURNAL
Page 38
Other
Accounts
Ck.
Post.
Accounts
Payable
Cash
Date
No.
Account Debited
Ref.
Dr.
Dr.
Cr.
2019
Apr. 4
106 Augusta Sod Co.
107 Utilities Expense
6,986
6,986
Apr. 5
54
642
642
Apr. 15
108 Kimble Lumber Co.
3,644
3,644
2,872
13,502
Apr. 27
109 Schott's Fertilizer
2,872
Apr. 30
642
14,144
(V)
(21)
(11)
PURCHASES JOURNAL
Page 22
Landscaping
Supplies
Accounts
Other
Post.
Payable
Accounts
Post.
Date
Account Debited
Ref.
Cr.
Dr.
Dr.
Ref.
Amount
2019
Apr. 3
Kimble Lumber Co.
3,644
3,644
7,807
Apr. 5
Apr. 14
Cooke Equipment Co.
Equipment
18
7,807
Schott's Fertilizer
2,872
2,872
Apr. 24
Augusta Sod Co.
4,251
4,251
Apr. 29
Kimble Lumber Co.
9,091
9,091
Apr. 30
27,665
19,858
7,807
(21)
(14)
(V)
Prepare the accounts payable subsidiary ledger, and determine that the total agrees with the ending balance of the accounts payable control account. The
solution to this assignment should be in the same format as the Accounts Payable Creditors Balances and the Accounts Payable Control Account in the middle of
page 225 of the textbook.
77777](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F72e8d81c-bf18-42fd-a843-23b24f314ab4%2Fc9aa3cd3-8472-41da-b42b-2a31a95bdf22%2Ftkq7b14_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The cash payments and purchases journals for Bill's Landscaping Co. are shown below. The accounts payable control account has an April 1, 2019, balance of
$6,986, consisting of an amount owed to Augusta Sod Co.
CASH PAYMENTS JOURNAL
Page 38
Other
Accounts
Ck.
Post.
Accounts
Payable
Cash
Date
No.
Account Debited
Ref.
Dr.
Dr.
Cr.
2019
Apr. 4
106 Augusta Sod Co.
107 Utilities Expense
6,986
6,986
Apr. 5
54
642
642
Apr. 15
108 Kimble Lumber Co.
3,644
3,644
2,872
13,502
Apr. 27
109 Schott's Fertilizer
2,872
Apr. 30
642
14,144
(V)
(21)
(11)
PURCHASES JOURNAL
Page 22
Landscaping
Supplies
Accounts
Other
Post.
Payable
Accounts
Post.
Date
Account Debited
Ref.
Cr.
Dr.
Dr.
Ref.
Amount
2019
Apr. 3
Kimble Lumber Co.
3,644
3,644
7,807
Apr. 5
Apr. 14
Cooke Equipment Co.
Equipment
18
7,807
Schott's Fertilizer
2,872
2,872
Apr. 24
Augusta Sod Co.
4,251
4,251
Apr. 29
Kimble Lumber Co.
9,091
9,091
Apr. 30
27,665
19,858
7,807
(21)
(14)
(V)
Prepare the accounts payable subsidiary ledger, and determine that the total agrees with the ending balance of the accounts payable control account. The
solution to this assignment should be in the same format as the Accounts Payable Creditors Balances and the Accounts Payable Control Account in the middle of
page 225 of the textbook.
77777
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