Green Thumb Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in the actual landscaping. Purchases on account completed by Green Thumb Landscaping during May 2010 are as follows:

May 2. Purchased office supplies on account from Lawson Co., $380.

5. Purchased office equipment on account from Peach Computers Co., $5,340.

9. Purchased office supplies on account from Executive Office Supply Co., $325.

13. Purchased field supplies on account from Yamura Co., $1,390.

14. Purchased field supplies on account from Nickle Co., $3,210.

17. Purchased field supplies on account from Yamura Co., $1,445.

24. Purchased field supplies on account from Nickle Co., $3,950.

29. Purchased office supplies on account from Executive Office Supply Co., $275.

31. Purchased field supplies on account from Nickle Co., $1,100.

Instructions

1. Insert the following balances in the general ledger as of May 1:

14 Field Supplies $ 6,450

15 Office Supplies 890

18 Office Equipment 14,900

21Accounts Payable 1,165

2. Insert the following balances in the accounts payable subsidiary ledger as of May 1:

Executive Office Supply Co. $390

Lawson Co. 775

Nickle Co. —

Peach Computers Co. —

Yamura Co. —

3. Journalize the transactions for May, using a purchases journal similar to the one illustrated in this chapter. Prepare the purchases journal with columns for Account 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.

5. a. What is the sum of the balances in the subsidiary ledger at May 31?

b. What is the balance of the controlling account at May 31?