Peter Jenkins operates a photo printing centre in Whitehorse. All transactions requiring the payment of cash are recorded in the cash payments journal (page 5). The account balances as of April 1, 2019, are as follows:

a. Journalize the Transactions

b. Record to the accounts payable subsidiary ledger and post to the general ledger as appropriate. For the following: Charles Co., Magnus Co., JSF Co., P. Goldman Co.

c. Complete the partial General ledger below. For Cash, Inventory, Truck, Accounts Payable, Rent Expense, Utilities Expense,

d. Prepare a schedule of accounts payable.

 
 

Transcribed Image Text:

Accounts Payable Ledger Balance $ Name Charles Co. Magnus Co. JSF Co. P. Goldman Co. 2,250 1,200 950 2,100 Accounts Payable Ledger Balance $ Name Charles Co. Magnus Co. JSF Co. P. Goldman Co. 2,250 1,200 950 2,100

Answer rating: 100% (QA)

a Journalize the transactions 3Apr2019 Dr Magnus Co payable 600 Cr Cash 570 Cr other ... View the full answer