ACCOUNTS PAYABLE LEDGERACCOUNTAuto Body RepairDATEITEM POST. REF.PEBITCREDITBALANCEPSACCOUNTDynasty LimoDATEITEM POST. REF.DEBITCREDITBALANCEP5ACCOUNTExpress FloristDATEITEM POST. REF.DEBITCREDITBALANCEP5ACCOUNTSigns UnlimitedDATEITEM POST. REF.DEBITCREDITBALANCEP5ACCOUNTT. C. S. SuppliesDATEITEM POST. REF.DEBITCREDITBALANCE· P5P5Prepare a schedule of accounts payable.Schedule of Accounts PayableAuto Body RepairDynasty LimoExpress FlornstSinne Unlimited The purchases journal for). K. Insurance for the month of October Is represented below. Accounts Payable Is account number 202 and Purchases Is account number 501.PURCHASES JOURNALPage sPurchases Debit/Accounts PayableDate Invoice No. From Whom Purchased Post Ref.CreditOct. 23118Express Florist3,550.003119T. C. S. Supplies2,790.003120Auto Body Repalr3,850.00Signs Unlimited4,150.003121Dynasty Limo2,380.00103122153123T. C. S. Supplles2,150.0018,870.00Required:1. Post the Information from the purchases journal to the appropriate general ledger and accounts payable ledger accounts.GENERAL LEDGERACCOUNT NO.202ACCOUNTAccounts PayableBALANCEDEBITCREDITDEBITCREDITDATEITEM POST. REF.P5ACCOUNT NO.501ACCOUNTPurchasesBALANCEDEBITCREDITDEBITCREDITDATEITEM POST. REF.P5ACCOUNTS PAYABLE LEDGERACCOUNTAuto Body Repair

Name: ACCOUNTS PAYABLE LEDGERACCOUNTAuto Body RepairDATEITEM POST. REF.PEBI
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Description: ACCOUNTS PAYABLE LEDGERACCOUNTAuto Body RepairDATEITEM POST. REF.PEBITCREDITBALANCEPSACCOUNTDynasty LimoDATEITEM POST. REF.DEBITCREDITBALANCEP5ACCOUNTExpress FloristDATEITEM POST. REF.DEBITCREDITBALANCEP5ACCOUNTSigns UnlimitedDATEITEM POST. REF.DEBI

The accounts payable are the accounts to whom company is liable to pay.

Business

Accounting

The purchases journal for ). K. Insurance for the month of October Is represented below. Accounts Payable Is account number 202 and Purchases Is account number 501. PURCHASES JOURNAL Page 5 Purchases Debit/ Accounts Payable Date Invoice No. From whom Purchased Post Ref. Credit Oct. 2 3118 Express Florist 3,550.00 4 3119 T. C. S. Supplies 2,790.00 3120 Auto Body Repalr 3,850.00 6. 3121 Signs Unlimited 4,150.00 10 3122 Dynasty Limo 2,380.00 15 3123 T. C. S. Supplies 2,150.00 18,870.00 Required: 1. Post the Information from the purchases journal to the appropriate general ledger and accounts payable ledger accounts.

The purchases journal for ). K. Insurance for the month of October Is represented below. Accounts Payable Is account number 202 and Purchases Is account number 501. PURCHASES JOURNAL Page 5 Purchases Debit/ Accounts Payable Date Invoice No. From whom Purchased Post Ref. Credit Oct. 2 3118 Express Florist 3,550.00 4 3119 T. C. S. Supplies 2,790.00 3120 Auto Body Repalr 3,850.00 6. 3121 Signs Unlimited 4,150.00 10 3122 Dynasty Limo 2,380.00 15 3123 T. C. S. Supplies 2,150.00 18,870.00 Required: 1. Post the Information from the purchases journal to the appropriate general ledger and accounts payable ledger accounts.

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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Q.22.
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