Homework Help is Here – Start Your Trial Now!
Business
Accounting
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. 17. Purchased field supplies on account from Yamura Co., $12,780. 24. Purchased field supplies on account from Omni Co., $3,600. 29. Purchased office supplies on account from Executive Office Supply Co., $320. 31. Purchased field supplies on account from Omni Co., $4,710. Note: Posting references have been provided. Required: 1. Insert the following balances in the general ledger as of October 1: 14 Field Supplies $9,610 15 Office Supplies 2,210 18 Office Equipment 32,410 21 Accounts Payable 8,250 After completing the recording of transactions in part 3, post the purchases journal to the accounts in the general ledger. If an amount box does not require an entry, leave it blank. GENERAL LEDGER Balance Credit Date Item Post. Ref. Debit Dr Cr Account: Field Supplies #14 Oct. 1 Balance 9,610 P30 Account: Office Supplies #15 Oct. 1 Balance 2,210 P30 Account: Office Equipment #18 Oct. 1 Balance 32,410 P30 Account: Accounts Payable #21 Balance Oct. 1 8,250 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. 17. Purchased field supplies on account from Yamura Co., $12,780. 24. Purchased field supplies on account from Omni Co., $3,600. 29. Purchased office supplies on account from Executive Office Supply Co., $320. 31. Purchased field supplies on account from Omni Co., $4,710. Note: Posting references have been provided. Required: 1. Insert the following balances in the general ledger as of October 1: 14 Field Supplies $9,610 15 Office Supplies 2,210 18 Office Equipment 32,410 21 Accounts Payable 8,250 After completing the recording of transactions in part 3, post the purchases journal to the accounts in the general ledger. If an amount box does not require an entry, leave it blank. GENERAL LEDGER Balance Credit Date Item Post. Ref. Debit Dr Cr Account: Field Supplies #14 Oct. 1 Balance 9,610 P30 Account: Office Supplies #15 Oct. 1 Balance 2,210 P30 Account: Office Equipment #18 Oct. 1 Balance 32,410 P30 Account: Accounts Payable #21 Balance Oct. 1 8,250 P30

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
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. 17. Purchased field supplies on account from Yamura Co., $12,780. 24. Purchased field supplies on account from Omni Co., $3,600. 29. Purchased office supplies on account from Executive Office Supply Co., $320. 31. Purchased field supplies on account from Omni Co., $4,710. Note: Posting references have been provided. Required: 1. Insert the following balances in the general ledger as of October 1: 14 Field Supplies $9,610 15 Office Supplies 2,210 18 Office Equipment 32,410 21 Accounts Payable 8,250 After completing the recording of transactions in part 3, post the purchases journal to the accounts in the general ledger. If an amount box does not require an entry, leave it blank.
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. 17. Purchased field supplies on account from Yamura Co., $12,780. 24. Purchased field supplies on account from Omni Co., $3,600. 29. Purchased office supplies on account from Executive Office Supply Co., $320. 31. Purchased field supplies on account from Omni Co., $4,710. Note: Posting references have been provided. Required: 1. Insert the following balances in the general ledger as of October 1: 14 Field Supplies $9,610 15 Office Supplies 2,210 18 Office Equipment 32,410 21 Accounts Payable 8,250 After completing the recording of transactions in part 3, post the purchases journal to the accounts in the general ledger. If an amount box does not require an entry, leave it blank.
GENERAL LEDGER Balance Credit Date Item Post. Ref. Debit Dr Cr Account: Field Supplies #14 Oct. 1 Balance 9,610 P30 Account: Office Supplies #15 Oct. 1 Balance 2,210 P30 Account: Office Equipment #18 Oct. 1 Balance 32,410 P30 Account: Accounts Payable #21 Balance Oct. 1 8,250 P30
Transcribed Image Text:GENERAL LEDGER Balance Credit Date Item Post. Ref. Debit Dr Cr Account: Field Supplies #14 Oct. 1 Balance 9,610 P30 Account: Office Supplies #15 Oct. 1 Balance 2,210 P30 Account: Office Equipment #18 Oct. 1 Balance 32,410 P30 Account: Accounts Payable #21 Balance Oct. 1 8,250 P30
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
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
SEE MORE TEXTBOOKS