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 $ 15,000 7,100 7,200 Cash Paid January 19 Bailey Company January 27 Johnson Brothers January 31 Preston Company $ 10,600 7,100 5,900 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the above transactions in the accounts payable subsidiary ledger. Complete this question by entering Your an Required 1 Required 2 Post the above transactions in the accounts payable subsidiary ledger. ACCOUNTS PAYABLE LEDGER Bailey Company Debit Credit Date Balance Johnson Brothers Debit Credit Date Balance Preston Company Debit Credit Date Balance Required 2 2. Post the accounts payable balance in the general ledger at month's end. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the accounts payable balance in the general ledger at month's end! GENERAL LEDGER Accounts Payable Debit Date Credit Balance