E7-5B. Journalize, record, and post when appropriate the following transactions into the cash payments journal for Art's Clothing Company. Use the same headings as found in the text (page 319). All purchases discounts are 2/10, n/30. Accounts Payable Subsidiary Ledger Name Balance Invoice No. B. Foss $500 4823 A. James 1300 5226 J. Ranch 800 5783 B. Swanson 300 8274

Partial General Ledger Account Number Balance Cash 110 $5000 Inventory 115 - Accounts Payable 210 2900 Advertising Expense 610 -

2023 Apr. 3 Issued cheque No. 201 to A. James Company in payment of its March 29 invoice No. 5226. 10 Issued cheque No. 202 to Flott Advertising in payment of its advertising bill, $100, no discount. 17 Issued cheque No. 203 to B. Foss in payment of its March 26 invoice No. 4823.

E7-6B. From exercise E7-5B, prepare a schedule of accounts payable and verify that the total of the schedule equals the amount in the controlling account.