Shutterbug Cameras, a retail merchandising business, had the following purchases on account for the month of July. In the working papers, the beginning balances in the accounts are opened for you.

Instructions 

In your working papers:

1. Record July’s transactions on page 18 of the purchases journal.

2. Post to the accounts payable subsidiary ledger accounts daily.

3. Post amounts entered in the General Debit column daily.

4. Foot, prove, total, and rule the purchases journal at the end of the month.

5. Post the column totals at the end of the month to the account named in the column heading.

6. Prepare a schedule of accounts payable.

Transcribed Image Text:

Date Transactions July 1 Purchased $1,200 in merchandise on account from U-Tech Products, Invoice UT220. 3 Purchased $140 in supplies on account from State Street Office Supply, Invoice 983, n/30. 6 Received Invoice 1338 from Photo Emporium for the purchase of $150 in merchandise on account, 2/10, n/30. 9 Invoice 445 for $90 was sent by Allen's Repair for plumbing repairs completed at the store (Maintenance Expense). Purchased $800 in merchandise on account from Video Optics Inc., Invoice VO167, 3/15, n/45. 12 15 Received Invoice 1322 from Digital Precision Equipment for the purchase of $2,500 in store equipment on account, n/30.