1. Use the final balances of the vendor accounts after completing Exercise 8.8 to prepare a schedule...
Question:
1. Use the final balances of the vendor accounts after completing Exercise 8.8 to prepare a schedule of accounts payable for GeekAuto Supplies, Inc., as of January 31, 20X1.
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, 20X1?
Data from in Exercise 8.8
Post the entries in the general journal below to the accounts payable account in the general ledger and to the appropriate accounts in the accounts payable ledger. Assume the following account balances at January 1, 20X1, for GeekAuto Supplies, Inc.:
Use 202 as the account number for accounts payable in the general ledger.
Step by Step Answer:
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina