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Posting a Purchases Journal The purchases journal for Newmark Exterior Cleaners Inc. follows. The accounts payable account has a March 1, 2012, balance of $335

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Posting a Purchases Journal The purchases journal for Newmark Exterior Cleaners Inc. follows. The accounts payable account has a March 1, 2012, balance of $335 for an amount owed to Nicely Co. No payments were made on creditor invoices during March. PURCHASES JOURNAL Page 16 Accts. Post. Payable Cleaning Supplies Other Accounts Dr. Date Account Credited Ref. Post. Ref. Cr. Dr. Amount 20Y2 Mar. 4 Enviro Wash Supplies Inc. 525 525 Mar. 15 Nicely Co. 230 230 Mar. 201 Office Mate Inc. 2,480 Office Equipment 2,480 Mar. 26 Enviro-Wash Supplies Inc. 300 300 Mar. 31 3,535 1,055 2,480 a. & b. Post the transactions from the purchases journal to the creditor accounts and determine their ending balances. Enviro Wash Supplies Inc. 31 Bal. Nicely Co. 31 Bal. Office Mate Inc. 31 Bal. Prepare T accounts for the accounts payable control and cleaning supplies accounts. Post control totals to the two accounts, and determine their ending balances. Cleaning Supplies had a zero balance at the beginning of the month, Accounts Payable 31 Bal. Cleaning Supplies 31 Bal. d. Prepare a schedule of the creditor account balances to verify the equality of the sum of the accounts payable creditor balances and the accounts payable controlling account balance. Newmark Exterior Cleaners Inc. Accounts Payable Creditor Balances March 31, 20Y2 Enviro Wash Supplies Inc. Nicely Co. Office Mate Inc. Total accounts payable e. All of the following are ways a computerized accounting system might differ from the use of a purchases journal in recording purchase transactions EXCEPT: Use of an electronic form specially designed for recording purchases transactions Input into form fields that is submitted electronically. Automatic posting of transactions. Previou Control totals posted to a controlling account

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