The purchases journal of Venable Company follows:

\section*{Required}
1. Open ledger accounts for Supplies, Equipment, Accounts Payable, and Inventory. Post to these accounts from the purchases journal. Use dates and posting references in the ledger accounts.
2. Open accounts in the accounts payable subsidiary ledger for Donahoe Company, Marks Equipment Company, and Rolf Office Supply. Post from the purchases journal. Use dates and journal references in the ledger accounts.
3. Balance the Accounts Payable control account in the general ledger with the total of the balances in the accounts payable subsidiary ledger.

Transcribed Image Text:

Purchases Journal Page 7 Other Accounts Dr. Account Post. Payable Inventory Supplies Acct. Post. Amt. Date Account Credited Terms Ref. Cr. Dr. Dr. Title Ref. Dr. Sep. 2 Donahoe Company n/30 1,300 1,300 5 Rolf Office Supply n/30 175 175 13 Donahoe Company 2/10 n/30 847 847 26 Marks Equipment Company 30 Totals n/30 916 Equipment 916 3,238 2,147 175 916