Wendy Jones operates a whole sale computer centre in White horse. All trans-actions requiring the payment of
Question:
Required
a. Journalize the following transaction
b. Record in the accounts payable ledger and post to the general ledger as appropriate.
c. Prepare a schedule of accounts payable.
Transcribed Image Text:
Accounts Payable Ledger Name Alvin Co. Henry Co. Soy Co. Xon Co. Balance $1,200 600 800 1,400 Partial General Ledger Number 110 150 210 510 511 610 620 Balance $17,000 Account Cash Delivery Truck Accounts Payable Computer Purchases Computer Purchases Discount Rent Expense Utilities Expense 4,000 2013 May ry Co. from previous Paid half the amount o 3 Bought a used delivery truck for $12,000 cash, cheque 7 Bought computer merchandise from Lectro Co., cheque 17 Bought additional computer merchandise from Pulse Co. wed Hen purchases of computers on account, less a 2% purchases discount, cheque No. 21. No. 22, payable to Bill Ring Co. No. 23, $3,900 cheque No. 24, $800 Paid Xon Co. the amount owed less a 2% purchases discount, cheque No. 25 Paid rent expense to King's Realty Trust, cheque No. 26, $2,000 24 27 Paid utilities expense to Stone Utility Co., cheque No. 27, $300 Paid half the amount owed Soy Co., no discount, cheque No. 28. May 28 31
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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