(15 points) Crowley Grain Dryer is in the business of drying grain seed and reselling it to farmers during the planting season. In addition to the grain seed, Crowley also sells fertilizers, pesticides, and other chemicals that farmers might need during the growing season. The list of Accounts Payable for Crowley Grain Dryer is shown below. At the bottom of the page is a list of checks written in January 2020. 1. Perform the subsequent disbursements procedure and propose any necessary adjusting entries. 2. Prepare an updated A/P schedule at 12/31/19 based on your AJE(S). Crowley Grain Dryer Accounts Payable Detail 12/31/2019 VENDORS AMOUNT DUE ADJUSTED BAL Nichols' Superfast Printing. $ 0.00 Cantrell Motor Company... 0.00 Howard, Fine, & Howard, Attorneys at Law.. 137,818.53 Prakash Chemical Company.. 0.00 Bowlin Chemical.... 73,565.12 Stocks' Truck Center 0.00 Horizon Cellular.. 6,891.16 Wenger's Super Signs.. 1,500.00 Oxford Power and Light.. 0.00 Just Boxes....... 0.00 Wilder Oil Company 3,193.25 Taylor Grocery..... 0.00 Staple Depot Office Supply. 0.00 The Tech Squad.... 6,683.93 S229.651.99 From Check Register From Voucher Packet neck o. Date Amount Invoice Date Payee Description 1/5/2020 622 623 -624 625 5626 627 628 629 5630 5631 632 633 634 1/5/2020 1/5/2020 1/5/2020 1/5/2020 1/5/2020 1/5/2020 1/6/2020 1/6/2020 1/6/2020 1/6/2020 1/6/2020 1/7/2020 $6,683.93 The Tech Squad $2,937.13 Cantrell Motor Company $6,868.12 Taylor Grocery $124.81 Staple Depot Office Supply $15,216.88 Oxford Power and Light $6,891.16 Horizon Cellular $3,193.25 Wilder Oil Company $927.09 Just Boxes $1,117.19 Nichols' Superfast Printing $6,924.96 The Tech Squad $1,500.00 Wenger's Super Signs $5,174.00 Staple Depot Office Supply $56,330.21 Prakash Chemical Company 1/4/2020 Technology maintenance contract for 2020 1/3/2020 Automobile maintenance on 12/21/2019 1/2/2020 Catering for beginning of the year meeting 1/5/2020 Office supplies purchased 1/5/2020 1/5/2020 "For December electricity" 1/5/2020 December telephone bill 12/28/2019 Diesel fuel for delivery trucks. 1/4/2020 Packaging material ordered 12/27/19. 12/31/2019 Business cards, picked up 12/30/2019 1/6/2020 Computer purchased 1/6/2020 12/30/2019 New logos on vehicles on 12/30/2019 1/5/2020 Copy machine purchased 1/5/2020 12/27/2019 Fertilizer for Spring planting season (15 points) Crowley Grain Dryer is in the business of drying grain seed and reselling it to farmers during the planting season. In addition to the grain seed, Crowley also sells fertilizers, pesticides, and other chemicals that farmers might need during the growing season. The list of Accounts Payable for Crowley Grain Dryer is shown below. At the bottom of the page is a list of checks written in January 2020. 1. Perform the subsequent disbursements procedure and propose any necessary adjusting entries. 2. Prepare an updated A/P schedule at 12/31/19 based on your AJE(S). Crowley Grain Dryer Accounts Payable Detail 12/31/2019 VENDORS AMOUNT DUE ADJUSTED BAL Nichols' Superfast Printing. $ 0.00 Cantrell Motor Company... 0.00 Howard, Fine, & Howard, Attorneys at Law.. 137,818.53 Prakash Chemical Company.. 0.00 Bowlin Chemical.... 73,565.12 Stocks' Truck Center 0.00 Horizon Cellular.. 6,891.16 Wenger's Super Signs.. 1,500.00 Oxford Power and Light.. 0.00 Just Boxes....... 0.00 Wilder Oil Company 3,193.25 Taylor Grocery..... 0.00 Staple Depot Office Supply. 0.00 The Tech Squad.... 6,683.93 S229.651.99 From Check Register From Voucher Packet neck o. Date Amount Invoice Date Payee Description 1/5/2020 622 623 -624 625 5626 627 628 629 5630 5631 632 633 634 1/5/2020 1/5/2020 1/5/2020 1/5/2020 1/5/2020 1/5/2020 1/6/2020 1/6/2020 1/6/2020 1/6/2020 1/6/2020 1/7/2020 $6,683.93 The Tech Squad $2,937.13 Cantrell Motor Company $6,868.12 Taylor Grocery $124.81 Staple Depot Office Supply $15,216.88 Oxford Power and Light $6,891.16 Horizon Cellular $3,193.25 Wilder Oil Company $927.09 Just Boxes $1,117.19 Nichols' Superfast Printing $6,924.96 The Tech Squad $1,500.00 Wenger's Super Signs $5,174.00 Staple Depot Office Supply $56,330.21 Prakash Chemical Company 1/4/2020 Technology maintenance contract for 2020 1/3/2020 Automobile maintenance on 12/21/2019 1/2/2020 Catering for beginning of the year meeting 1/5/2020 Office supplies purchased 1/5/2020 1/5/2020 "For December electricity" 1/5/2020 December telephone bill 12/28/2019 Diesel fuel for delivery trucks. 1/4/2020 Packaging material ordered 12/27/19. 12/31/2019 Business cards, picked up 12/30/2019 1/6/2020 Computer purchased 1/6/2020 12/30/2019 New logos on vehicles on 12/30/2019 1/5/2020 Copy machine purchased 1/5/2020 12/27/2019 Fertilizer for Spring planting season
