COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<
4th Edition
ISBN: 9781260255157
Author: Haddock
Publisher: MCG CUSTOM
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Chapter 8, Problem 3PA
1.
To determine
Prepare the general ledger accounts and the accounts payable ledger accounts.
2.
To determine
Record the general journal into the general ledger accounts and the accounts payable ledger accounts.
3.
To determine
Create a schedule of accounts payable and compare it with the accounts payable control account.
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Students have asked these similar questions
The cash payments and purchases journals for Bill's Landscaping Co. are shown below. The accounts payable control account has an April 1, 2019, balance of
$6,986, consisting of an amount owed to Augusta Sod Co.
CASH PAYMENTS JOURNAL
Page 38
Other
Accounts
Ck.
Post.
Accounts
Payable
Cash
Date
No.
Account Debited
Ref.
Dr.
Dr.
Cr.
2019
Apr. 4
106 Augusta Sod Co.
107 Utilities Expense
6,986
6,986
Apr. 5
54
642
642
Apr. 15
108 Kimble Lumber Co.
3,644
3,644
2,872
13,502
Apr. 27
109 Schott's Fertilizer
2,872
Apr. 30
642
14,144
(V)
(21)
(11)
PURCHASES JOURNAL
Page 22
Landscaping
Supplies
Accounts
Other
Post.
Payable
Accounts
Post.
Date
Account Debited
Ref.
Cr.
Dr.
Dr.
Ref.
Amount
2019
Apr. 3
Kimble Lumber Co.
3,644
3,644
7,807
Apr. 5
Apr. 14
Cooke Equipment Co.
Equipment
18
7,807
Schott's Fertilizer
2,872
2,872
Apr. 24
Augusta Sod Co.
4,251
4,251
Apr. 29
Kimble Lumber Co.
9,091
9,091
Apr. 30
27,665
19,858
7,807
(21)
(14)
(V)
Prepare the accounts payable subsidiary ledger, and determine that…
You are to enter the following items in the books, post to personal accounts, and show the transfers to the General Ledger. Balance all accounts.
2009
July 1 Credit purchases form: K Hill $380; M Norman $500; N Senior $106.
3 Credit sales to: E Rigby $510; E Phillips $246; F Thompson $356.
5 Credit purchases from: R Morton $200; J Cook $180; D Edwards $410; C Davies $66.
8 Credit sales to: A Green $307; H George $250; J Ferguson $185.
12 Returns outwards to: M Norman $30; N Senior $16.
14 Return inwards from: E Phillips $18; F Thompson $22.
20 Credit sales to: E Phillips $188; F Powell $310; E Lee $420.
24 Credit purchases from: C Ferguson $550; K Ennevor $900.
31 Return inwards from: E Phillips $27; E Rigby $30.
31 Return outwards to: J Cook $13; C Davies $11.
9/The business has the following transactions for the month of May 2019.
9- Sold goods and received cash of RO 2,750
11- Received commission of RO 750
17- Received cash from KR traders of RO 3,300 for the goods sold on May 4 2019, on credit.
19- Sold goods to Rainbow traders and received cash of RO 3,250
Calculate and show the amount which will be transferred to the Cash sales column in the cash receipts book for the month of May 2019?
a.
RO 750
b.
RO 6,000
c.
RO 3,300
d.
RO 3,500
Chapter 8 Solutions
COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<
Ch. 8 - What is the name of the account used to record...Ch. 8 - What does FOB shipping point mean?Ch. 8 - Prob. 1.3SRQCh. 8 - Prob. 1.4SRECh. 8 - Prob. 1.5SRECh. 8 - Prob. 1.6SRACh. 8 - Prob. 2.1SRQCh. 8 - Prob. 2.2SRQCh. 8 - The total of the schedule of accounts payable...Ch. 8 - In the accounts payable ledger, a suppliers...
Ch. 8 - Prob. 2.5SRECh. 8 - Prob. 2.6SRACh. 8 - What is the name of the account used to record...Ch. 8 - What type of account is Purchases Returns and...Ch. 8 - Prob. 3CSRCh. 8 - Prob. 4CSRCh. 8 - Prob. 5CSRCh. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - Prob. 3DQCh. 8 - Prob. 4DQCh. 8 - Prob. 5DQCh. 8 - Prob. 6DQCh. 8 - What type of accounts are kept in the accounts...Ch. 8 - Prob. 8DQCh. 8 - Prob. 9DQCh. 8 - Prob. 10DQCh. 8 - Prob. 11DQCh. 8 - Prob. 12DQCh. 8 - Prob. 13DQCh. 8 - Why is using the Purchases Returns and Allowances...Ch. 8 - Prob. 15DQCh. 8 - Prob. 16DQCh. 8 - Prob. 17DQCh. 8 - Prob. 18DQCh. 8 - Identify the normal balance of the following...Ch. 8 - Prob. 2ECh. 8 - Prob. 3ECh. 8 - Record the following transactions of J. Min...Ch. 8 - Record the following transactions of Allen Inc.:Ch. 8 - Bushard Company (buyer) and Schmidt, Inc. (seller)...Ch. 8 - Prob. 7ECh. 8 - Prob. 8ECh. 8 - Prob. 9ECh. 8 - Prob. 10ECh. 8 - Prob. 11ECh. 8 - Prob. 12ECh. 8 - Prob. 13ECh. 8 - Record the following transactions of Fashion Park...Ch. 8 - On April 1, Moloney Meat Distributors sold...Ch. 8 - Bushard Company (buyer) and Schmidt, Inc. (seller)...Ch. 8 - Annettes Photo Shop is a retail store that sells...Ch. 8 - Prob. 2PACh. 8 - Prob. 3PACh. 8 - NewTech Medical Devices is a medical devices...Ch. 8 - Prob. 5PACh. 8 - Bowden Company (buyer) and Song, Inc. (seller),...Ch. 8 - The following transactions took place at Fine...Ch. 8 - Prob. 1PBCh. 8 - Taras Card and Novelty Shop is a retail card,...Ch. 8 - Prob. 3PBCh. 8 - Prob. 4PBCh. 8 - Prob. 5PBCh. 8 - Belladonna Company (buyer) and Sachi, Inc....Ch. 8 - The following transactions took place at The...Ch. 8 - William Evans began Evans Distributors, a sporting...Ch. 8 - Prob. 2CTPCh. 8 - Prob. 1MFCh. 8 - Prob. 2MFCh. 8 - Prob. 3MFCh. 8 - Prob. 4MFCh. 8 - Prob. 5MFCh. 8 - Prob. 6MFCh. 8 - Prob. 1ED
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