Chapter 9, Problem 2PA

Berry’s Pet Store records purchase transactions in the general journal.

The company is located in Boston, Massachusetts. In addition to a general ledger, Berry’s Pet Store also uses an accounts payable ledger. Transactions for April related to the purchase of merchandise are as follows:

Apr. 2    Bought ten Carefree Pet Bedding bags from Blackburn Company, $399.90, invoice no. 4R48, dated April 1; terms net 30 days; FOB destination.

5    Bought seven Marine Betta Kits from Herrera Company, $83.93, invoice no. 4851, dated April 3; terms 2/10, n/30; FOB shipping point, freight prepaid and added to the invoice, $15 (total $98.93).

6    Bought 15 Two Door Deluxe Kennels from Barrett, Inc., $719.85, invoice no. 1845R, dated April 5; terms 1/10, n/30; FOB destination.

8    Bought five Dome Top Bird Cages from Faulkner Company, $1,849.95, invoice no. 1485, dated April 7; terms 2/10, n/30; FOB shipping point, freight prepaid and added to the invoice, $76 (total $1,925.95).

13    Received credit memo no. 415 from Faulkner Company for merchandise returned, $589.13.

23    Bought three Five Tiered Cat Trees from Rhodes Manufacturing, $1,107, invoice no. 246J, dated April 21; terms net 60 days; FOB destination.

27    Bought 30 Glitter Collection Leashes from Solomon Products Company, $299.70, invoice no. 2675, dated April 25; terms net 30 days; FOB destination.

30    Received credit memo no. 861 from Solomon Products Company for merchandise returned, $76.25.

Required

1. 1. If using Working Papers, open the following accounts in the accounts payable ledger and record the April 1 balances, if any, as given: Barrett, Inc., $185.25; Blackburn Company, $254.64; Faulkner Company, $485.12; Herrera Company; Rhodes Manufacturing, $452.31; Solomon Products Company, $1,785.23. For the accounts having balances, write Balance in the Item column and place a check mark in the Post. Ref. column. Skip this step if using CengageNow.
2. 2. If using working papers, record the April 1 balances in the general ledger as given: Accounts Payable 212 controlling account, $3,162.55; Purchases 511, $559.06; Purchases Returns and Allowances 512, $123.50; Freight In 514, $15.20. Write Balance in the Item column and place a check mark in the Post. Ref. column. Skip this step if using CengageNow.
3. 3. Record the transactions in the general journal. If using Working Papers, begin on page 115.
4. 4. Post to the general ledger and the accounts payable ledger.
5. 5. Prepare a schedule of accounts payable and compare the balance of the Accounts Payable controlling account with the total of the schedule of accounts payable.