required: 1. need to make Accounts payable subsidiary ledger for Yani, Jane, Pam, Ronald, Celia, 2. General
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required:
1. need to make Accounts payable subsidiary ledger for Yani, Jane, Pam, Ronald, Celia,
2. General ledger
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The Purchases & Cash Payments journals of Novak's Hardware for the month of June are presented below. The Accounts Payable Subsidiary ledger is reconciled with the General Ledger Control account each month. On 1st June, the Subsidiary ledger had the following five accounts all with opening Credit (Cr.) balances: Yani $13,500, Jane $22,500, Pam $31,500, Ronald $45,000, Ceilia $40,500, and the total of these accounts of $153,000 is the opening Credit balance of the General Ledger Accounts Payable Control Account. (Ignore GST) Purchases Journal Date June 4 June 8 June 9 June 12 June 24 Account not Yani Jane Pam Ronald Ceilia Totals Cash Payments Journal Date June 6 June 15 June 26 June 29 Account Yani Jane Pam Ronald Totals Accounts Payable 32,000 41,000 36,500 45,500 41,000 196,000 Purchases 32,000 41,000 36,500 45,500 41,000 196,000 Cash at Bank Accounts Payable 23,000 32,000 41,000 50,000 146,000 23,000 32,000 41,000 50,000 146,000 The Purchases & Cash Payments journals of Novak's Hardware for the month of June are presented below. The Accounts Payable Subsidiary ledger is reconciled with the General Ledger Control account each month. On 1st June, the Subsidiary ledger had the following five accounts all with opening Credit (Cr.) balances: Yani $13,500, Jane $22,500, Pam $31,500, Ronald $45,000, Ceilia $40,500, and the total of these accounts of $153,000 is the opening Credit balance of the General Ledger Accounts Payable Control Account. (Ignore GST) Purchases Journal Date June 4 June 8 June 9 June 12 June 24 Account not Yani Jane Pam Ronald Ceilia Totals Cash Payments Journal Date June 6 June 15 June 26 June 29 Account Yani Jane Pam Ronald Totals Accounts Payable 32,000 41,000 36,500 45,500 41,000 196,000 Purchases 32,000 41,000 36,500 45,500 41,000 196,000 Cash at Bank Accounts Payable 23,000 32,000 41,000 50,000 146,000 23,000 32,000 41,000 50,000 146,000
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Step 1 Ledger It is the main book of accounts where all the accounts are opened separately to know a... View the full answer
Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
Posted Date:
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