The purchases journal of NorthEastern Publishing Company follows Requirements 1 Total each
The purchases journal of NorthEastern Publishing Company follows.
Requirements
1. Total each column of the purchases journal.
2. Open four-column ledger accounts for Merchandise Inventory (118), Office Supplies (120), Equipment (150), and Accounts Payable (211). Post to these accounts from the purchases journal. Use dates and posting references in the accounts.
3. Open four-column accounts in the accounts payable subsidiary ledger for Farrell Equipment, Jump Supply, and Last Tech. Post from the purchases journal. Use dates and posting references in the ledger accounts.
4. Balance the Accounts Payable control account in the general ledger with the total of the balances in the accounts payable subsidiary ledger.
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