Ming Company's chart of accounts includes the following selection accounts. 101 Cash 120 Merchandise Inventory 130 Prepaid Insurance 157 Equipment 201 Accounting Principles 306 T. Ming, Drawing 505 Cost of Goods Sold

On Oct. 1 the accounts payable ledger of Ming Company showed the following balances: Bovary Company $2,700, Nyman Co. $2,500, Pyron Co. $1,800, and Sims Company $3,700. The Oct. transactions involving the payment of cash were as follows:

Oct. 1 Purchased merchandise, check no. 63, $300.

Oct. 3 Purchased equipment, check no. 64, $800.

Oct. 5 Paid Bovary Company balance due of $2,700, less 2% discount, check no. 65, $2,646

Oct. 10 Purchased merchandise, check no. 66, $2,250.

Oct. 15 Paid Pyron Co. balance due of $1,800, check no. 67.

Oct. 16 T. Ming, the owner, pays his personal insurance premium of $400, check no. 68.

Oct. 19 Paid Nyman Co. in full for invoice no. 610, $1600, less 2% cash discount, check no. 69, $1,568.

Oct. 29 Paid Sims Company in full for invoice no. 264, $2,500, check no. 70. INSTRUCTIONS (a) Journalize the transactions above in a four-column cash payments journal with columns for Other Accounts Dr., Accounts Payable Dr., Merchandise Inventory Cr., and Cash Cr. Foot and crossfoot the journal. (Balancing totals $12,350) (b) Insert the beginning balances in the Accounts Payable control and subsidiary accounts, and post the October transactions to these accounts. (c) Prove the agreement of the control of the control account and the subsidiary account balances. (Accounts Payable $2,100)