Exercise 7-5 (Algo) Controlling accounts and subsidiary ledgers LO C2 Following is information from Jesper Company for its first month of business. Credit Purchases January 9 Bailey Company January 18 Johnson Brothers January 22 Preston Company $ 14,400 6,800 6,600 Cash Paid January 19 Bailey Company January 27 Johnson Brothers January 31 Preston Company $ 10,300 6,800 5,600 1. Post the above transactions in the accounts payable subsidiary ledger. 2. Post the accounts payable balance in the general ledger at month's end.