The purchases journal of NorthEastern Publishing Company follows.

Requirements:

1. Total each column of the purchases journal.
2. Open four-column ledger accounts for Merchandise Inventory (118), Office Supplies (120), Equipment (150), and Accounts Payable (211). Post to these accounts from the purchases journal. Use dates and posting references in the accounts.
3. Open four-column accounts in the accounts payable subsidiary ledger for Farrell Equipment, Jump Supply, and Last Tech. Post from the purchases journal. Use dates and posting references in the ledger accounts.
4. Balance the Accounts Payable control account in the general ledger with the total of the balances in the accounts payable subsidiary ledger.

Vendor Date Account Credited Terms 2016 Sep. 2 Last Tech 5 Jump Supply 13 Last Tech 26 Farrell Equipment Sep. 30 Total n/30 n/30 4/10, n/30 n/30 Purchases Journal Post. Accounts Merchandise Office Account Ref. Payable CR Inventory DR Supplies DR Title 825 165 1,460 910 825 1,460 165 Other Accounts DR Page 7 Equipment Post. Ref. Amount 910