Blossoming Gardens sells landscaping materials. During the month of April 2019, the following transactions occurred. Assume...
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Blossoming Gardens sells landscaping materials. During the month of April 2019, the following transactions occurred. Assume zero balances for the subledger and general ledger accounts. Assume no entries were made directly to the accounts payable general ledger from the general journal. Purchased office supplies for $880 on account from Max Office Supplies. Purchased inventory for $1,140 cash from Rock Bottom with Cheque #826. Apr 11 Paid telephone bill for $330 cash with Cheque #827. Apr 20 Paid the amount owing to Max Office Supplies with Cheque #828. Apr 22 Purchased inventory for $3,570 from Stoneway on account. Apr 1 Apr 7 Required a) Record the above transactions in the purchases journal and the cash payments journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts payable control account. Blossoming Gardens sells landscaping materials. During the month of April 2019, the following transactions occurred. Assume zero balances for the subledger and general ledger accounts. Assume no entries were made directly to the accounts payable general ledger from the general journal. Purchased office supplies for $880 on account from Max Office Supplies. Purchased inventory for $1,140 cash from Rock Bottom with Cheque #826. Apr 11 Paid telephone bill for $330 cash with Cheque #827. Apr 20 Paid the amount owing to Max Office Supplies with Cheque #828. Apr 22 Purchased inventory for $3,570 from Stoneway on account. Apr 1 Apr 7 Required a) Record the above transactions in the purchases journal and the cash payments journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts payable control account.
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Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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