Purchases, Accounts Payable Subsidiary Account, and Accounts Payable Ledger

Sterling Forest Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in the actual landscaping. Purchases on account completed by Sterling Forest Landscaping during October are as follows:

Oct. 2.		Purchased office supplies on account from Meade Co., $4,430.
5.		Purchased office equipment on account from Peach Computers Co., $6,370.
9.		Purchased office supplies on account from Executive Office Supply Co., $460.
13.		Purchased field supplies on account from Yamura Co., $5,040.
14.		Purchased field supplies on account from Omni Co., $660.
17.		Purchased field supplies on account from Yamura Co., $12,000.
24.		Purchased field supplies on account from Omni Co., $3,380.
29.		Purchased office supplies on account from Executive Office Supply Co., $300.
31.		Purchased field supplies on account from Omni Co., $4,430.

Note: Posting references have been provided.

Required:

1. Insert the following balances in the general ledger as of October 1:

14	Field Supplies	$9,030
15	Office Supplies	2,070
18	Office Equipment	30,430
21	Accounts Payable	7,740

After completing the recording of transactions in part 3, post the purchases journal to the accounts in the general ledger. If an amount box does not require an entry, leave it blank.

GENERAL LEDGER
					Balance
Date	Item	Post. Ref.	Debit	Credit	Dr.	Cr.
Account: Field Supplies #14
Oct. 1	Balance		fill in the blank 1	fill in the blank 2	fill in the blank 3	fill in the blank 4
Oct. 31		P30	fill in the blank 6	fill in the blank 7	fill in the blank 8	fill in the blank 9
Account: Office Supplies #15
Oct. 1	Balance		fill in the blank 10	fill in the blank 11	fill in the blank 12	fill in the blank 13
		P30	fill in the blank 15	fill in the blank 16	fill in the blank 17	fill in the blank 18
Account: Office Equipment #18
Oct. 1	Balance		fill in the blank 19	fill in the blank 20	fill in the blank 21	fill in the blank 22
		P30	fill in the blank 24	fill in the blank 25	fill in the blank 26	fill in the blank 27
Account: Accounts Payable #21
Oct. 1	Balance		fill in the blank 28	fill in the blank 29	fill in the blank 30	fill in the blank 31
		P30	fill in the blank 33	fill in the blank 34	fill in the blank 35	fill in the blank 36

2. Insert the following balances in the accounts payable subsidiary ledger as of October 1:

Executive Office Supply Co.	$2,550
Meade Co.	5,190
Omni Co.	-
Peach Computers Co.	-
Yamura Co.	-

After completing the recording of transactions in part 3, post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry. If an amount box does not require an entry, leave it blank.

ACCOUNTS PAYABLE SUBSIDIARY LEDGER
Date	Item	Post. Ref.	Debit	Credit	Balance
Account: Executive Office Supply Co.
Oct. 1	Balance		fill in the blank 37	fill in the blank 38	fill in the blank 39
		P30	fill in the blank 41	fill in the blank 42	fill in the blank 43
		P30	fill in the blank 45	fill in the blank 46	fill in the blank 47
Account: Meade Co.
Oct. 1	Balance		fill in the blank 48	fill in the blank 49	fill in the blank 50
		P30	fill in the blank 52	fill in the blank 53	fill in the blank 54
Account: Omni Co.
		P30	fill in the blank 56	fill in the blank 57	fill in the blank 58
		P30	fill in the blank 60	fill in the blank 61	fill in the blank 62
		P30	fill in the blank 64	fill in the blank 65	fill in the blank 66
Account: Peach Computers Co.
		P30	fill in the blank 68	fill in the blank 69	fill in the blank 70
Account: Yamura Co.
		P30	fill in the blank 72	fill in the blank 73	fill in the blank 74
		P30	fill in the blank 76	fill in the blank 77	fill in the blank 78

3. Journalize the transactions for October (in chronological order), using the purchases journal below (p. 30) similar to the one illustrated in this chapter. Post to the creditor accounts in the accounts payable subsidiary ledger (in part 2) immediately after each entry.

4. Post the purchases journal to the accounts in the general ledger (in part 1). If an amount box does not require an entry, leave it blank.

If no other account is needed in the "Other Accounts Dr." column select "No entry required".

PURCHASES JOURNAL								PAGE 30
Date	Account Credited	Post. Ref.	Accounts Payable Cr.	Field Supplies Dr.	Office Supplies Dr.	Other Accounts Dr.	Post. Ref.	Amount
Oct. 2			fill in the blank 80	fill in the blank 81	fill in the blank 82			fill in the blank 84
Oct. 5			fill in the blank 86	fill in the blank 87	fill in the blank 88		fill in the blank 90	fill in the blank 91
Oct. 9			fill in the blank 93	fill in the blank 94	fill in the blank 95			fill in the blank 97
Oct. 13			fill in the blank 99	fill in the blank 100	fill in the blank 101			fill in the blank 103
Oct. 14			fill in the blank 105	fill in the blank 106	fill in the blank 107			fill in the blank 109
Oct. 17			fill in the blank 111	fill in the blank 112	fill in the blank 113			fill in the blank 115
Oct. 24			fill in the blank 117	fill in the blank 118	fill in the blank 119			fill in the blank 121
Oct. 29			fill in the blank 123	fill in the blank 124	fill in the blank 125			fill in the blank 127
Oct. 31			fill in the blank 129	fill in the blank 130	fill in the blank 131			fill in the blank 133
Oct. 31			fill in the blank 134	fill in the blank 135	fill in the blank 136			fill in the blank 137
			(fill in the blank 138)	(fill in the blank 139)	(fill in the blank 140)			()

5a. What is the sum of the creditor balances in the subsidiary ledger at October 31? $fill in the blank 141

5b. What is the balance of the accounts payable controlling account at October 31? $fill in the blank 142

6. What type of e-commerce application would be used to plan and coordinate transactions with suppliers?