The purchases journal of Southeastern Publishing Company follows:

Requirements
1. Total each column of the purchases journal.
2. Open four-column ledger accounts for Merchandise Inventory (118), Office Supplies (120), Equipment (150), and Accounts Payable (211). Post to these accounts from the purchases journal. Use dates and posting references in the accounts.
3. Open four-column accounts in the accounts payable subsidiary ledger for Fallon Equipment, Jell Supply, and Leap Tech. Post from the purchases journal. Use dates and posting references in the ledger accounts.
4. Balance the Accounts Payable control account in the general ledger with the total of the ending balances in the accounts payable subsidiary ledger.

Transcribed Image Text:

Purchases Journal Page 7 Other Accounts DR Merchandise Inventory DR Supplies DR Vendor Post. Payable CR Account Title Post. Ref. Office Accounts Date Account Credited Terms Amount Ref. 2018 Sep. 2 Leap Tech 5 Jell Supply 13 Leap Tech 26 Fallon Equipment п30 830 155 1,470 830 n/30 155 1,470 5/10, n/30 n/30 880 880 Equipment Sep. 30 Total