Required: 1. Insert the following balances in the general ledger as of October 1: 14 Field...
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Required: 1. Insert the following balances in the general ledger as of October 1: 14 Field Supplies 15 Office Supplies 18 Office Equipment 12,300 21 Accounts Payable 1,170 After completing the recording of transactions in part 3, post the purchases journal to the accounts in the general ledger. If an GENERAL LEDGER Oct. 1 Oct. 31 Date $5,920 750 Account: Field Supplies #14 Item Oct. 1 Oct. 5 Balance Account: Office Supplies #15 Oct. 1 Oct. 31 Account: Office Equipment #18 Balance Balance Post. Ref. P30 P30 P30 Debit Credit Dr. Balance Cr. 388 15 Office Supplies 18 Office Equipment 12,300 21 Accounts Payable 1,170 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. Account: Field Supplies #14 Oct. 1 Oct. 31 Oct. 1 Oct. 31 Account: Office Supplies #15 Date Oct. 1 Oct. 5 Oct. 1 Oct. 31 Item Post. Ref. Balance Account: Office Equipment #18 Balance 750 Balance Account: Accounts Payable #21 Balance P30 P30 P30 P30 GENERAL LEDGER Debit Credit Dr. Balance 8 Cr. 2. Insert the following balances in the accounts payable subsidiary ledger as of October 1: Executive Office Supply Co. $390 Meade Co. 780 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. Oct. 1 Date Account: Executive Office Supply Co. Account: Meade Co. Oct. 1 Account: Omni Co. ACCOUNTS PAYABLE SUBSIDIARY LEDGER Item Balance Account: Peach Computers Co. Balance Post. Ref. P30 P30 P30 P30 P30 P30 Debit Credit Balance EE Account: Peach Computers Co. Account: Yamura Co. P30 P30 P30 3. Journalize the transactions for October, using a purchases journal (p. 30) similar to the one illustrated in this chapter. Prepare the purchases journal with columns for Accounts Payable, Field Supplies, Office Supplies, and Other Accounts. Post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry. 4. Post the purchases journal to the accounts in the general ledger (in part 1). If an amount box does not require an entry, leave it blank. If no other account is needed in the "Other Accounts Dr." column select "No Entry Required". Date Oct. 2 Oct. 5 Oct. 9 Account Credited Post. Ref. PURCHASES JOURNAL Accounts Payable Cr. 1000 Field Supplies Dr. Office Supplies Dr. Other Accounts Dr. Post. Ref. PAGE 30 Amount 4. Post the purchases journal to the accounts in the general ledger (in part 1). If an amount box does not require an entry, leave it blank. If no other account is needed in the "Other Accounts Dr." column select "No Entry Required". Date Oct. 2 Oct. 5 Oct. 9 Oct. 13 Oct. 14 Oct. 17 Oct. 24 Oct. 29 Oct. 31 Oct. 31 Account Credited Post. Ref. PURCHASES JOURNAL Field Supplies Dr. Accounts Payable Cr. ) 5a. What is the sum of the creditor balances in the subsidiary ledger at October 31? 5b. What is the balance of the accounts payable controlling account at October 31? $ ) 6. What type of e-commerce application would be used to plan and coordinate transactions with suppliers? Office Supplies Dr. Other Accounts Dr. Post. Ref. PAGE 30 Amount Required: 1. Insert the following balances in the general ledger as of October 1: 14 Field Supplies 15 Office Supplies 18 Office Equipment 12,300 21 Accounts Payable 1,170 After completing the recording of transactions in part 3, post the purchases journal to the accounts in the general ledger. If an GENERAL LEDGER Oct. 1 Oct. 31 Date $5,920 750 Account: Field Supplies #14 Item Oct. 1 Oct. 5 Balance Account: Office Supplies #15 Oct. 1 Oct. 31 Account: Office Equipment #18 Balance Balance Post. Ref. P30 P30 P30 Debit Credit Dr. Balance Cr. 388 Required: 1. Insert the following balances in the general ledger as of October 1: 14 Field Supplies 15 Office Supplies 18 Office Equipment 12,300 21 Accounts Payable 1,170 After completing the recording of transactions in part 3, post the purchases journal to the accounts in the general ledger. If an GENERAL LEDGER Oct. 1 Oct. 31 Date $5,920 750 Account: Field Supplies #14 Item Oct. 1 Oct. 5 Balance Account: Office Supplies #15 Oct. 1 Oct. 31 Account: Office Equipment #18 Balance Balance Post. Ref. P30 P30 P30 Debit Credit Dr. Balance Cr. 388 15 Office Supplies 18 Office Equipment 12,300 21 Accounts Payable 1,170 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. Account: Field Supplies #14 Oct. 1 Oct. 31 Oct. 1 Oct. 31 Account: Office Supplies #15 Date Oct. 1 Oct. 5 Oct. 1 Oct. 31 Item Post. Ref. Balance Account: Office Equipment #18 Balance 750 Balance Account: Accounts Payable #21 Balance P30 P30 P30 P30 GENERAL LEDGER Debit Credit Dr. Balance 8 Cr. 15 Office Supplies 18 Office Equipment 12,300 21 Accounts Payable 1,170 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. Account: Field Supplies #14 Oct. 1 Oct. 31 Oct. 1 Oct. 31 Account: Office Supplies #15 Date Oct. 1 Oct. 5 Oct. 1 Oct. 31 Item Post. Ref. Balance Account: Office Equipment #18 Balance 750 Balance Account: Accounts Payable #21 Balance P30 P30 P30 P30 GENERAL LEDGER Debit Credit Dr. Balance 8 Cr. 2. Insert the following balances in the accounts payable subsidiary ledger as of October 1: Executive Office Supply Co. $390 Meade Co. 780 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. Oct. 1 Date Account: Executive Office Supply Co. Account: Meade Co. Oct. 1 Account: Omni Co. ACCOUNTS PAYABLE SUBSIDIARY LEDGER Item Balance Account: Peach Computers Co. Balance Post. Ref. P30 P30 P30 P30 P30 P30 Debit Credit Balance EE 2. Insert the following balances in the accounts payable subsidiary ledger as of October 1: Executive Office Supply Co. $390 Meade Co. 780 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. Oct. 1 Date Account: Executive Office Supply Co. Account: Meade Co. Oct. 1 Account: Omni Co. ACCOUNTS PAYABLE SUBSIDIARY LEDGER Item Balance Account: Peach Computers Co. Balance Post. Ref. P30 P30 P30 P30 P30 P30 Debit Credit Balance EE Account: Peach Computers Co. Account: Yamura Co. P30 P30 P30 Account: Peach Computers Co. Account: Yamura Co. P30 P30 P30 3. Journalize the transactions for October, using a purchases journal (p. 30) similar to the one illustrated in this chapter. Prepare the purchases journal with columns for Accounts Payable, Field Supplies, Office Supplies, and Other Accounts. Post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry. 4. Post the purchases journal to the accounts in the general ledger (in part 1). If an amount box does not require an entry, leave it blank. If no other account is needed in the "Other Accounts Dr." column select "No Entry Required". Date Oct. 2 Oct. 5 Oct. 9 Account Credited Post. Ref. PURCHASES JOURNAL Accounts Payable Cr. 1000 Field Supplies Dr. Office Supplies Dr. Other Accounts Dr. Post. Ref. PAGE 30 Amount 3. Journalize the transactions for October, using a purchases journal (p. 30) similar to the one illustrated in this chapter. Prepare the purchases journal with columns for Accounts Payable, Field Supplies, Office Supplies, and Other Accounts. Post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry. 4. Post the purchases journal to the accounts in the general ledger (in part 1). If an amount box does not require an entry, leave it blank. If no other account is needed in the "Other Accounts Dr." column select "No Entry Required". Date Oct. 2 Oct. 5 Oct. 9 Account Credited Post. Ref. PURCHASES JOURNAL Accounts Payable Cr. 1000 Field Supplies Dr. Office Supplies Dr. Other Accounts Dr. Post. Ref. PAGE 30 Amount 4. Post the purchases journal to the accounts in the general ledger (in part 1). If an amount box does not require an entry, leave it blank. If no other account is needed in the "Other Accounts Dr." column select "No Entry Required". Date Oct. 2 Oct. 5 Oct. 9 Oct. 13 Oct. 14 Oct. 17 Oct. 24 Oct. 29 Oct. 31 Oct. 31 Account Credited Post. Ref. PURCHASES JOURNAL Field Supplies Dr. Accounts Payable Cr. ) 5a. What is the sum of the creditor balances in the subsidiary ledger at October 31? 5b. What is the balance of the accounts payable controlling account at October 31? $ ) 6. What type of e-commerce application would be used to plan and coordinate transactions with suppliers? Office Supplies Dr. Other Accounts Dr. Post. Ref. PAGE 30 Amount 4. Post the purchases journal to the accounts in the general ledger (in part 1). If an amount box does not require an entry, leave it blank. If no other account is needed in the "Other Accounts Dr." column select "No Entry Required". Date Oct. 2 Oct. 5 Oct. 9 Oct. 13 Oct. 14 Oct. 17 Oct. 24 Oct. 29 Oct. 31 Oct. 31 Account Credited Post. Ref. PURCHASES JOURNAL Field Supplies Dr. Accounts Payable Cr. ) 5a. What is the sum of the creditor balances in the subsidiary ledger at October 31? 5b. What is the balance of the accounts payable controlling account at October 31? $ ) 6. What type of e-commerce application would be used to plan and coordinate transactions with suppliers? Office Supplies Dr. Other Accounts Dr. Post. Ref. PAGE 30 Amount
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Answer rating: 100% (QA)
General Ledger Account Field Supplies 14 Date Item Post Ref Debit Credit Dr Cr Oct 1 Balance 5920 5920 Oct 31 P30 14870 5920 8950 Account Office Suppl... View the full answer
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Posted Date:
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