The Suburban Bicycle Shop uses a three-column purchases jour¬

nal. The company is located in Topeka, Kansas. On January 1 of this year, the balances of the ledger accounts are Accounts Payable, $423.08; Purchases, zero;

Freight In, zero. In addition to a general ledger, the company also uses an accounts payable ledger. Transactions for January related to the purchase of mer¬

chandise are as follows:

Instructions 1. Open the following creditor accounts in the accounts payable ledger and Check Figure record the January 1 balances, if any, as given: Berger Tire Company, $156; Accounts Payable account balance, Brady, Inc.; Duncan Manufacturing Company, $82.88; Goddard Products $9,555.47 Gompany; Lincoln Security, $184.20; Nakata Company. Lor the accounts having balances, write “Balance” in the Item column and place a check mark in the Post. Ref. column.
2. Record the balance of $423.08 in the Accounts Payable controlling account as of January 1. Write “Balance” in the Item column and place a check mark in the Post. Ref. column.
3. Record the transactions in the purchases journal beginning with page 81.
4. Post to the accounts payable ledger daily.
5. Post to the general ledger at the end of the month.
6. Prepare a schedule of accounts payable, and compare the balance of the Accounts Payable controlling account with the total of the schedule of accounts payable.

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Jan. 4 Bought sixty 10-speed bicycles from Nakata Company, $5,980, invoice no. 26145, dated January 3; terms net 60 days; FOB Topeka. 7 Bought tires from Berger Tire Company, $486, invoice no. 9763, dated January 5; terms 2/10, n/30; FOB Topeka. 8 Bought bicycle lights and reflectors from Goddard Products Com- pany, $272, invoice no. 17317, dated January 6; terms net 30 days; FOB Topeka. 11 Bought hand brakes from Brady, Inc., $270, invoice no. 291GE, dated January 9; terms 1/10, n/30; FOB Kansas City, freight prepaid and added to the invoice, $24 (total $294). 19 Bought handle grips from Goddard Products Company, $74.50, invoice no. 17520, dated January 17; terms net 30 days; FOB Topeka. 24 Bought thirty 5-speed bicycles from Nakata Company, $1,396, invoice no. 26942, dated January 23; terms net 60 days; FOB Topeka. 29 Bought knapsacks from Duncan Manufacturing Company, $299.42, invoice no. 762AC, dated January 26; terms 2/10, n/30; FOB Topeka. 31 Bought locks from Lincoln Security, $311.47, invoice no. 27712, dated January 26; terms 2/10, n/30; FOB Dodge City, freight prepaid and added to the invoice, $19 (total $330.47).