Cash payments journal, purchases journal and posting to a partial general ledger

Problem 17-8 Recording and Posting Purchases and Cash Payments CHALLENGE soURCE DOCUME PROBLEM ROBLEM Buzz Newsstand had the following purchases and cash payment transactions for July. The balance in the accounts payable subsidiary ledger and general ledger accounts are opened in the working papers. Instructions In your working papers: 1. Record the purchases and cash payment transactions on page 12 of the 2. Post to the creditors' accounts in the accounts payable subsidiary ledger 3. Post from the General Debit and Credit columns of the journals on the 4. Foot, prove, total, and rule both journals. purchases journal and page 12 of the cash payments journal. daily. date the transaction occurred. Post the column totals of the purchases journal to the general ledger accounts named in the column headings. 6. Post the column totals of the cash payments journal to the general leager accounts named in the column headings. 7. Prepare a schedule of accounts payable