Wendy Jones operates a wholesale computer centre in Whitehorse. All transactions requiring the payment of cash are
Question:
Required
a. Journalize the following transactions.
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. GST Included Balance $1,260 630 840 1,470 $60 30 40 70 Partial General Ledger Account Cash Prepaid GST Delivery Truck Accounts Payable Computer Purchases Computer Purchases Discount Rent Expense Utilities Expense Number 110 132 150 210 510 511 610 620 Balance 920 4,200 $17,000 2013 May Paid half the amount owed Henry Co. from previous purchases of computers on account, less a 2% purchases discount, cheque No. 21. Bought a delivery truck for $8,000 cash, plus GST of $400, cheque No. 22, payable to Bill Ring Co. Bought computer merchandise from Lectro Co., cheque No. 23, $3,900, plus GST. Bought additional computer merchandise from Pulse Co., cheque No. 24, $800, plus GST. 3 3 7 17 24 Paid Xon Co. the amount owed less a 2% purchases 27 Paid rent expense to King's Realty Trust, cheque No. 26, 28 Paid utilities expense to Stone Utility Co., cheque No. 27, 31 Paid half the amount owed Soy Co., no discount, discount, cheque No. 25 $2,000, plus GST. $300, plus GST. cheque No. 28.
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College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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