Purchases and Cash Payments Journals; Accounts Payable Subsidiary and General Ledgers AquaFresh Water Testing Service was established on April 16. AquaFresh uses field equipment and field supplies (chemicals and other supplies) to analyze water for unsafe contaminants in streams, lakes, a ponds. Transactions related to purchases and cash payments during the remainder of April are as follows: Apr. 16. Issued Check No. 1 in payment of rent for the remainder of April, $3,500. 16. Purchased field supplies on account from Hydro Supply Co., $5,340. 16. Purchased field equipment on account from Pure Equipment Co., $21,450. 17. Purchased office supplies on account from Best Office Supply Co., $510. 19. Issued Check No. 2 in payment of field supplies, $3,340, and office supplies, $400. Post the journals to the accounts payable subsidiary ledger. 23. Purchased office supplies on account from Best Office Supply Co., $660. 23. Issued Check No. 3 to purchase land, $140,000. 24. Issued Check No. 4 to Hydro Supply Co. in payment of April 16 invoice, $5,340. 26. Issued Check No. 5 to Pure Equipment Co. in payment of April 16 invoice, $21,450. Post the journals to the accounts payable subsidiary ledger. 30. Acquired land in exchange for field equipment having a cost of $12,000. 30. Purchased field supplies on account from Hydro Supply Co., $7,650. 30. Issued Check No. 6 to Best Office Supply Co. in payment of April 17 invoice, $510. 30. Purchased the following from Pure Equipment Co. on account: field supplies, $1,340, and field equipment, $4,700. 30. Issued Check No. 7 in payment of salaries, $29,400. Required: 1. Journalize the transactions (in chronological order as presented in the data) for April. Use a purchases journal and a cash payments journal, and a two-column gene Supplies, Office Supplies, and Other Accounts in the purchases journal. Refer to the following partial chart of accounts: 11 Cash 19 Land 14 Field Supplies 21 Accounts Payable 15 Office Supplies 61 Salary Expense 17 Field Equipment 71 Rent Expense At the points indicated in the narrative of transactions, post to the following accounts in chronological order in the accounts payable subsidiary ledger: Best Office Supply Co. Hydro Supply Co. Pure Equipment Co. 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". 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". PAGE 1 PURCHASES JOURNAL Post. Accounts Payable Ref. Cr. Field Supplies Dr. Office Supplies Other Accounts Post. Date Account Credited Dr. Dr. Ref. Amount April 16 Hydro Supply Co. 5,340 5,340 X No Entry Required April 16 - Pure Equipment Co. Field Equipment 17 21,450 April 17 Best Office Supply Co. No Entry Required April 23 Best Office Supply Co. No Entry Required April 30 Hydro Supply Co. No Entry Required April 30 Pure Equipment Co. Field Equipment 17 4,700 April 30 6,040 x 1,340 x 26,150 41,850 X) 14,330 X) 1,170 X ) CASH PAYMENTS JOURNAL PAGE 1 Other Accounts Accounts Date Ck. No. Account Debited Post. Ref. Dr. Payable Dr. Cash Cr. April 16 1 Rent Expense April 19 Field Supplies Office Supplies April 23 3 Land April 24 Hydro Supply Co. April 26 5 Pure Equipment Co. April 30 6 Best Office Supply Co. April 30 7 Salary Expense 1 April 30 Total (v) JOURNAL PAGE 1 Date Description Post. Ref. Debit Credit April 30 Land Field Equipment 2. Post the individual entries in chronological order (Other Accounts columns of the purchases journal and the cash payments journal and both columns of the general journal) to the appropriate general ledger accounts. Post to the subsidiary ledger in chronological order. When posting to the general ledger, post in chronological order. However, if there is more than one entry on the same date, post transactions from the purchases journal first, then the cash payments journal before posting from the general journal. 3. Total each of the columns of the purchases journal and the cash payments journal, and post the appropriate totals to the general ledger. If an amount box does not require an entry, leave it blank. In CNOW, Journal pages begin with ")", Purchases Journal begin with "P" and Cash Payments Journal begins with "CP". For example journal/ Purchases journal/ Cash Payments journal, page 1/36/40 respectively. POST. REF. is simply 31, P36, and CP40. ACCOUNTS PAYABLE SUBSIDIARY LEDGER Date Item Post. Ref. Debit Credit Balance Account: Best Office Supply Co. April 17 April 23 April 30 Account: Hydro Supply Co. April 16 April 24 April 30 Account: Pure Equipment Co. April 16 April 26 April 30 Post transactions in chronological order. However, if there is more that one transaction on the same date, post from the purchases journal first, then from the cash payments journal before posting from the general journal. (Because the problem does not include transactions related to cash receipts, the cash account in the ledger will have a credit balance.) GENERAL LEDGER Balance Date Item Post. Ref. Debit Credit Dr. Cr. Account: Cash +11 April 30 Account: Field Supplies #14 April 19 = B April 30 Account: Office Supplies #15 April 19 April 30 Account: Field Equipment #17 April 16 April 30 5 April 30 Account: Land #19 April 23 April 30 Account: Accounts Payable =21 April 30 11:1 II II April 30 Account: Salary Expense #61 April 30 II II Account: Rent Expense #71 April 16