1. Journalize the transactions in the appropriate journals 2. Record in the accounts payable subsidiary ledger and...
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1. Journalize the transactions in the appropriate journals
2. Record in the accounts payable subsidiary ledger and post to the general ledger as appropriate.
3. Prepare a schedule of accounts payable as of September 30, 2022
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Continuing Problem hapter will reguie you to record and pot the purthases and cash Taments tansactions Compre ig nd posing to the geerl and ary lagere p ha elepsed since Precision Computer Centre's yearend. a in this chapter To assiet you in recording the transactions the ided in Chapter 6 on page 306. The partial September transactions are as follows 2022 Sep s Paid emount due to Staples, $100, cheque No. 242 * Bought merchandise on account from Multi Systems, purchase order No. 4010, $450; terms are 3/10, n/3o. 6 Bought office supplies on account from Staples, purchase order No. 4011, $250; terms are n/30. 10 Purchased merchandise on account from Computer Connection, purchase order No. 4012, $500; terms are 1/30, n/60. 13 Paid Multi Systems re September 5 purchase, less discount, cheque No. 243. Ch li Cash Payments Jenal Cah Column 13 Received West Bell phone bill for September, $70.00; terms n/30. 13 Received and paid City Electric bill for September, $80, cheque No. 244. 16 Remitted outstanding amount payable to Automated Payroll Service for September wages, $1,810.18, cheque No. 245. 17 Issued debit memorandum No. 10 to Computer Connection for merchandise returned from purchase order No, 4012, $100. Paid net amount due to Computer Connection, less discount, cheque No. 246. 23 Paid Alpha Office Co. the amount due from the end of August, cheque No. 247. Paid for office supplies, $50, cheque No. 248. 17 25 27 Wrote cheque No. 249 to Able Holdings Inc. for September, October, and November rent, $1,200.00. 30 Wrote cheque No. 250 to Automated Payroll Service for September wages, $3,740.20. 30 Paid amount due to West Bell Canada as of August 31 plus the September phone bill received September 13, cheque No. 251. Total $216.00. (Continued) MD SURSIDIARY LEDGERS Continuing Problem hapter will reguie you to record and pot the purthases and cash Taments tansactions Compre ig nd posing to the geerl and ary lagere p ha elepsed since Precision Computer Centre's yearend. a in this chapter To assiet you in recording the transactions the ided in Chapter 6 on page 306. The partial September transactions are as follows 2022 Sep s Paid emount due to Staples, $100, cheque No. 242 * Bought merchandise on account from Multi Systems, purchase order No. 4010, $450; terms are 3/10, n/3o. 6 Bought office supplies on account from Staples, purchase order No. 4011, $250; terms are n/30. 10 Purchased merchandise on account from Computer Connection, purchase order No. 4012, $500; terms are 1/30, n/60. 13 Paid Multi Systems re September 5 purchase, less discount, cheque No. 243. Ch li Cash Payments Jenal Cah Column 13 Received West Bell phone bill for September, $70.00; terms n/30. 13 Received and paid City Electric bill for September, $80, cheque No. 244. 16 Remitted outstanding amount payable to Automated Payroll Service for September wages, $1,810.18, cheque No. 245. 17 Issued debit memorandum No. 10 to Computer Connection for merchandise returned from purchase order No, 4012, $100. Paid net amount due to Computer Connection, less discount, cheque No. 246. 23 Paid Alpha Office Co. the amount due from the end of August, cheque No. 247. Paid for office supplies, $50, cheque No. 248. 17 25 27 Wrote cheque No. 249 to Able Holdings Inc. for September, October, and November rent, $1,200.00. 30 Wrote cheque No. 250 to Automated Payroll Service for September wages, $3,740.20. 30 Paid amount due to West Bell Canada as of August 31 plus the September phone bill received September 13, cheque No. 251. Total $216.00. (Continued) MD SURSIDIARY LEDGERS
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Journal entries Date Credit Debit Sep 5 Staples Ac Bank 100 100 Merchandise Inventory Multi systems ... View the full answer
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