Problem 7-02A --c (Video) Ivanhoe Company's chart of accounts includes the following selected accounts. 101 Cash 201 Accounts Payable 120 Inventory 306 Owner's Drawings 130 Prepaid Insurance 50s Cost of Goods Sold 157 Equipment On October 1, the accounts payable ledger of Ivanhoe Company showed the following balances: Uggla Company $2,200, Orr Co. $2,510, Rosenthal Co. $1,700, and Clevenger Company $3,700. The October transactions involving the payment of cash were as follows. Oct. Purchased merchandise, check no. 63, $330. 1 3 Purchased equipment, check no. 64, $220. 5 Paid Uggla Company balance due of $2,200, less 29% discount, check no. 65, $2,156.00. 10 Purchased merchandise, check no. 66, $2,260. 15 Paid Rosenthal Co. balance due of $1,700, check no. 67. 16 C. Ivanhoe, the owner, pays his personal insurance premium of $440, check no. 68. 19 Paid Orr Co. in full for invoice no. 610, $2,050 less 2% cash discount, check no. 69, $2,009.00 29 Paid Clevenger Company in full for invoice no. 261, $2,560, check no. 70. Journalize the transactions above in a four-column cash payments Joumal with columns for Other Accounts Dr., Accounts Payable Dr., Inventory Cr., and Cash Cr. Foot and cross-fact the journal. (Record entries in the order displayed in the problem statement. Round answers to decimal places, e.g. 5, 275.) Cash Payments Journal CF1 Ref. Other Accounts Dr. Accounts Payable Dr. Inventory Cr. Cash Cr. Data Ok. No. Account Debited 4 63 # 120 #157 65 66 #120 + 67 305 70 (X) (201) (120) (101) Insert the beginning balances in the Accounts Peyable control and subsidiary accounts, and post the October transactions to these accounts. (Post entries in the order of entries presented in the previous part) General Ledger Accounts Payable Date Explanation Ref Debit Balance Credit Balance CPI Accounts Payable Subsidiary Ledger Uggla Company Date Explanation Ref. Debit Balance Credit Balance CPI Ort Co. Date Debit Credit Balance Explanation Rer. Balance CP1 Rosenthal Co. Date Explanation Ref: Balance Debit Credit Balance CP1 Clevenger Company Date Explanation Ref. Balance Debit Credit Balance CPI LINK TO TEXT LINK TO TEXT Prove the agreement of the control account and the subsidiary account balances. (Do not list those accounts that have zero ending balance.) Accounts payable balance: $ Subsidiary account balances: $ 41 $