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Purchases, Accounts Payable Subsidiary Account, and Accounts Payable Ledger Sterling Forest Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in the actual landscaping. Purchases on account completed by Sterling Forest Landscaping during October are as follows: Oct. 2. Purchased office supplies on account from Meade Co., $4,720. 5. Purchased office equipment on account from Peach Computers Co., $6,790. 9. Purchased office supplies on account from Executive Office Supply Co., $490. 13. Purchased field supplies on account from Yamura Co., $5,370. 14. Purchased field supplies on account from Omni Co., $710. Purchased field supplies on account from Yamura Co., $12,780. 17. 24. Purchased field supplies on account from Omni Co., $3,600. 29. Purchased office supplies on account from Executive Office Supply Co., $320. Purchased field supplies on account from Omni Co., $4,710. 31. Note: Posting references have been provided. 2. Insert the following balances in the accounts payable subsidiary ledger as of October 1: Executive Office Supply Co. $2,720 Meade Co. 5,530 Omni Co. Peach Computers Co. Yamura Co. After completing the recording of transactions in part 3, post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry. If an amount box does not require an entry, leave it blank. Date Item Post. Ref. Debit Credit Balance Account: Executive Office Supply Co. en Oct. 1 Balance P30 P30 Account: Meade Co. Oct. 1 Balance sI DO. P30 Account: Omni Co. P30 P30 P30 en ..0 Account: Peach Computers Co. P30 Account: Yamura Co. P30 P30

Purchases, Accounts Payable Subsidiary Account, and Accounts Payable Ledger Sterling Forest Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in the actual landscaping. Purchases on account completed by Sterling Forest Landscaping during October are as follows: Oct. 2. Purchased office supplies on account from Meade Co., $4,720. 5. Purchased office equipment on account from Peach Computers Co., $6,790. 9. Purchased office supplies on account from Executive Office Supply Co., $490. 13. Purchased field supplies on account from Yamura Co., $5,370. 14. Purchased field supplies on account from Omni Co., $710. Purchased field supplies on account from Yamura Co., $12,780. 17. 24. Purchased field supplies on account from Omni Co., $3,600. 29. Purchased office supplies on account from Executive Office Supply Co., $320. Purchased field supplies on account from Omni Co., $4,710. 31. Note: Posting references have been provided. 2. Insert the following balances in the accounts payable subsidiary ledger as of October 1: Executive Office Supply Co. $2,720 Meade Co. 5,530 Omni Co. Peach Computers Co. Yamura Co. After completing the recording of transactions in part 3, post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry. If an amount box does not require an entry, leave it blank. Date Item Post. Ref. Debit Credit Balance Account: Executive Office Supply Co. en Oct. 1 Balance P30 P30 Account: Meade Co. Oct. 1 Balance sI DO. P30 Account: Omni Co. P30 P30 P30 en ..0 Account: Peach Computers Co. P30 Account: Yamura Co. P30 P30

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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Purchases, Accounts Payable Subsidiary Account, and Accounts Payable Ledger Sterling Forest Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in the actual landscaping. Purchases on account completed by Sterling Forest Landscaping during October are as follows: Oct. 2. Purchased office supplies on account from Meade Co., $4,720. 5. Purchased office equipment on account from Peach Computers Co., $6,790. 9. Purchased office supplies on account from Executive Office Supply Co., $490. 13. Purchased field supplies on account from Yamura Co., $5,370. 14. Purchased field supplies on account from Omni Co., $710. Purchased field supplies on account from Yamura Co., $12,780. 17. 24. Purchased field supplies on account from Omni Co., $3,600. 29. Purchased office supplies on account from Executive Office Supply Co., $320. Purchased field supplies on account from Omni Co., $4,710. 31. Note: Posting references have been provided.
Transcribed Image Text:Purchases, Accounts Payable Subsidiary Account, and Accounts Payable Ledger Sterling Forest Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in the actual landscaping. Purchases on account completed by Sterling Forest Landscaping during October are as follows: Oct. 2. Purchased office supplies on account from Meade Co., $4,720. 5. Purchased office equipment on account from Peach Computers Co., $6,790. 9. Purchased office supplies on account from Executive Office Supply Co., $490. 13. Purchased field supplies on account from Yamura Co., $5,370. 14. Purchased field supplies on account from Omni Co., $710. Purchased field supplies on account from Yamura Co., $12,780. 17. 24. Purchased field supplies on account from Omni Co., $3,600. 29. Purchased office supplies on account from Executive Office Supply Co., $320. Purchased field supplies on account from Omni Co., $4,710. 31. Note: Posting references have been provided.
2. Insert the following balances in the accounts payable subsidiary ledger as of October 1: Executive Office Supply Co. $2,720 Meade Co. 5,530 Omni Co. Peach Computers Co. Yamura Co. After completing the recording of transactions in part 3, post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry. If an amount box does not require an entry, leave it blank. Date Item Post. Ref. Debit Credit Balance Account: Executive Office Supply Co. en Oct. 1 Balance P30 P30 Account: Meade Co. Oct. 1 Balance sI DO. P30 Account: Omni Co. P30 P30 P30 en ..0 Account: Peach Computers Co. P30 Account: Yamura Co. P30 P30
Transcribed Image Text:2. Insert the following balances in the accounts payable subsidiary ledger as of October 1: Executive Office Supply Co. $2,720 Meade Co. 5,530 Omni Co. Peach Computers Co. Yamura Co. After completing the recording of transactions in part 3, post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry. If an amount box does not require an entry, leave it blank. Date Item Post. Ref. Debit Credit Balance Account: Executive Office Supply Co. en Oct. 1 Balance P30 P30 Account: Meade Co. Oct. 1 Balance sI DO. P30 Account: Omni Co. P30 P30 P30 en ..0 Account: Peach Computers Co. P30 Account: Yamura Co. P30 P30
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