Accounts Payable Subsidiary Ledger

The cash payments and purchases journals for Magnolia Landscaping follow. The accounts payable control account has a June 1, 20Y1, balance of $3,060, consisting of an amount owed to Augusta Sod Co.

CASH PAYMENTS JOURNAL								Page 31
Date	Ck. No.	Account Debited	Post Ref.	Other Accounts Dr.		Accounts Payable Dr.		Cash Cr.
20Y1
June 4	203	Augusta Sod Co.				3,060		3,060
5	204	Utilities Expense	54	400				400
15	205	Home Centers Lumber Co.				5,020		5,020
24	206	Nu Lawn Fertilizer				890		890
30				400		8,970		9,370
				()		(21)		(11)

PURCHASES JOURNAL										Page 22
Date	Account Credited	Post Ref.	Accounts Payable Cr.			Landscaping Supplies Dr.		Other Accounts Dr.	Post Ref.	Amount
20Y1
June 3	Home Centers Lumber Co.		5,020			5,020
7	Concrete Equipment Co.		2,330					Equipment	18	2,330
14	Nu Lawn Fertilizer		890			890
24	Augusta Sod Co.		6,150			6,150
29	Home Centers Lumber Co.		3,120			3,120
30			17,510			15,180				2,330
			(21)			(14)				()

Question Content Area

Prepare a schedule of the accounts payable creditor balances. If an amount is zero, enter "0".

Magnolia Landscaping Accounts Payable Creditor Balances June 30, 20Y1

Augusta Sod Co.	$fill in the blank 38cc6901d05df95_1
Concrete Equipment Co.	fill in the blank 38cc6901d05df95_2
Home Centers Lumber Co.	fill in the blank 38cc6901d05df95_3
Nu Lawn Fertilizer	fill in the blank 38cc6901d05df95_4
Total accounts payable	$fill in the blank 38cc6901d05df95_5

Question Content Area

After you prepare the schedule of accounts payable creditor balances, determine that the total agrees with the ending balance of the Accounts Payable controlling account.

Magnolia Landscaping Accounts Payable (Controlling)

Balance, June 1, 20Y1	$fill in the blank abc317ff2ff5f93_1
Total credits (from purchases journal)	fill in the blank abc317ff2ff5f93_2
Total debits (from cash payments journal)	fill in the blank abc317ff2ff5f93_3
Balance, June 30, 20Y1	$fill in the blank abc317ff2ff5f93_4