1. Use the final balances of the vendor accounts after completing Exercise 8.8 to prepare a schedule of accounts payable for Bioplast Jewelry, Inc., as of January 31, 2016.

In Exercise 8.8, Assume the following account balances at January 1, 2016, for Bioplast Jewelry, Inc.:

Accounts Payable (control account) ......... $6,600

Accounts Payable—Evans Enterprises .......1,600

Accounts Payable—Stamos Distributors .......3,100

Accounts Payable—Tonetta Company .......1,900

Use 202 as the account number for accounts payable in the general ledger.

2. Does the total of your accounts payable schedule agree with the balance of the accounts payable account in the general ledger at January 31,2016?

Transcribed Image Text:

GENERAL JOURNAL 40 PAGEO POST REF DATE DESCRIPTION DEBIT CREDIT 12016 2Jan 8 Accounts Payoble/Stamos Distributors 300 0 Cash 300 003 Made partial payment on account, Check 1240 10 Accounts Payable/Evans Enterprises 200 00 Purchases Returns and Allowances 200 00 8 Received Credit Memorandun 123 as allowance for discolored merchandise 10 12 13