Peter Daly operates a photo printing centre in Whitehorse. Peter has hired you as his bookkeeper to record the following transactions in the cash payments journal. He would like you to record and post as appropriate and supply him with a schedule of accounts payable. (Beginning balances are given in Problem 7-3A.)

2019May 3 Bought a used delivery truck for $8,500 cash, cheque No. 721, payable to Ring Motors Co.3 Paid half the amount owed Marrk Co. from previous purchases on account, less a 3% purchases discount, cheque No. 722.7 Bought merchandise from Dart Co., cheque No. 723, $2,780. 18 Bought additional merchandise from Tack Co., cheque No. 724, $500.24 Paid P. Mark Co. the amount owed less a 3% purchases discount, cheque No. 725.27 Paid rent expense to Downtown Realty Trust, cheque No. 726, $1,500.28 Paid half the amount owed JNS Co., no discount, cheque No. 727.31 Paid utilities to City Utility Co., cheque No. 728; $325.

P7-3A

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Accounts Payable Ledger Name Balance Chedd Co. $2,400 Marrk Co. 1,100 JNS Co. P. Mark Co. 700 2,500 Partial General Ledger Account Number Balance Cash 110 $17,000 Inventory Delivery Truck Accounts Payable Rent Expense Utilities Expense 115 150 210 6,700 610 620