The general ledger of British Car Specialists includes the following accounts, along with their account numbers:

Transactions in January that affected purchases and cash payments were as follows:

Requirements 

1. Use the appropriate journal to record the preceding transactions in a purchases journal, a cash payments journal (omit the Check No. column), and a general journal. British Car Specialists records purchase returns in the general journal.

2. Total each column of the special journals. Show that total debits equal total credits in each special journal. 

3. Show how postings would be made from the journals by writing the account numbers and check marks in the appropriate places in the journals.

Transcribed Image Text:

Cash 111 Equipment 189 Inventory 131 Accounts Payable 211 Prepaid Insurance 161 Rent Expense 562 Supplies 171 Utilities Expense 565