Wendy Ellis operates a wholesale computer center and has hired you as her bookkeeper to record the following transactions. She would like you to (1) journalize the following transactions, (2) record to the accounts payable subsidiary ledger and post to the general ledger as appropriate, and (3) prepare a schedule of accounts payable. If using working papers, be sure to put in the following beginning balances: Andrews Co. $1,350; Hitch Co. $1,200; Seakate Co. $700; Cash $17,000; Accounts Receivable $4,650.
201X
Oct. 1 Paid half the amount owed Hitch Co. from previous purchases of appliances on account, less a 5% purchases discount, check no. 21.
3 Bought a delivery truck for $6,500 cash, check no. 22, payable to Bob Singer Co.
6 Bought computer merchandise from Lossy Co., check no. 23, $3,100.
18 Bought additional computer merchandise from Proton Co., check no. 24, $650.
24 Paid Zeke Co. the amount owed, less a 5% purchases discount, check no. 25.
28 Paid rent expense to King’s Realty Trust, check no. 26, $2,400.
29 Paid utilities expense to Gravel Utility Co., check no. 27, $280.
30 Paid half the amount owed Seakate Co., no discount, check no. 28.