The cash payments and purchases journals for Natural Creation Landscaping Co. are shown below. The accounts payable
Question:
The cash payments and purchases journals for Natural Creation Landscaping Co. are shown below. The accounts payable control account has an April 1, 2010, balance of $3,140, consisting of an amount owed to Augusta Sod Co.
Prepare the accounts payable subsidiary ledger, and determine that the total agrees with the ending balance of the accounts payable controlaccount.
CASH PAYMENTS JOURNAL Other Accounts Dr. Accounts Payable Dr. Cash Cr. Ck. No. Post. Ref. Date Account Debited 2010 Augusta Sod Co. Utilities Expense Kimble Lumber Co. Apг. 4 3,140 203 3,140 204 54 410 410 15 205 5,135 5,135 910 9,185 27 206 Schott's Fertilizer 910 30 410 9,595 (21) (11) PURCHASES JOURNAL Accounts Landscaping Payable Cr. Other Accounts Dr Supplies Dr. Post. Ref. Post. Ref. Date Account Credited Amount 2010 Kimble Lumber Co. Cooke Equipment Co. Apг. 3 5,135 2,400 5,135 Equipment 18 2,400 14 Schott's Fertilizer 910 910 Augusta Sod Co. 24 6,310 6,310 29 Kimble Lumber Co. 3,195 3,195 15,550 17,950 2,400 30 (21) (14)
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The accounts payable controlling account and the subsidiary ledger totals agree at 11905 Date ...View the full answer
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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Accounts payable are money owed by a business to its suppliers shown as a liability on a company\'s balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents
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