Relating purchases, cash payments and the general journal to the subsidiary ledger and control account At 1 February, the following information was extracted from the records of Sonia Toombs (assume no GST).

Extracts from the purchases, cash payments and general journals for February are presented below.

Required

(a) Establish running balance ledger accounts for each supplier in the subsidiary ledger and an Accounts Payable Control account in the general ledger. Post the amounts from the journals to the subsidiary and control accounts.

(b) Prepare a schedule of accounts payable as at 28 February and compare the total with the balance in the control account.

Transcribed Image Text:

D. Geelan Banks Ltd Schedule of Accounts Payable at 31 January 2025 $ 725 5 450 Nguyen Ltd 5 760 $ 11 935