The purchases journal of Hans Bauman Company follows. Purchases Journal journal; balancing the ledgers (Obj. 5) Page 7 Other Accounts Dr. Account Account Post. Payable Inventory Supplies Post. Amt. Date Credited Terms Ref. Cr. Dr. Dr. Acct. Title Ref. Dr. Sep. 2 Lancer n/30 800 800 Technologies 5 Saturn Office n/30 175 175 Supply 13 Lancer 2/10 n/30 1,151 1,151 Technologies 26 Faver Equipment 1/30 916 Equipment 916 Company 30 Totals 3,042 1,951 175 916 Required 1. Open ledger accounts for Inventory. Supplies, Equipment, and Accounts Payable. Post to these accounts from the purchases journal. Use dates and posting references in the accounts. 2. Open accounts in the accounts payable subsidiary ledger for Faver Equipment Company, Lancer Technologies, and Saturn 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.