Purchases and Cash Payments Journals; Accounts Payable Subsidiary and General Ledgers Aquafresh Water Testing Service was established on Art 16. Aquafresh uses field equipment and field supplies (chemicals and other supplies) to analyze water for unsafe contaminants in streams, lakes, and ponds Transactions related to purchases and cash payments during the remainder of April are as follows: April 16. Issued Check No. 1 in payment of rent for the remainder of April, 53,500 April 16. Purchased field supplies on account from Hydro Supply Co., 85,340 April 16. Purchased field guipment on account from Pure Equipment Co, 21.450 April 17. Purchased office supplies on account from Best Office Supply Co., 8510 April 19. Issued Check No. 2 in payment of field supplies, $3,340, and office supplies, 5400 Post the journals to the accounts payable subsidiary ledger April 23. Purchased office supplies on account from Best Office Supply Co. 3660 April 23 Issued Check No. 3 to purchase and $140,000 April 24 Issued Check No. 4 to Hydro Supply Co. In payment of April 16 Invoice, 55,340. April 26 Issued Check No. 5 to Pure Equipment Co. in payment of April 16 invoice, 121,450 Post the journals to the accounts payable subsidiary ledger April 30. Acquired and in exchange for field equipment having a cost of $12,000 April 30. Purchased field supplies on account from Hydro Supply Co. 57,650 April 30 Issued Check No. 6 to Best Office Supply Co. in payment of April 17 invoice, 5510 April 30 Purchased the following from Pure Equipment Co. on account:fed supplies, $1,340, and field equipment, 4.700 April 30 Issued Check No. 7 in payment of salaries, $29.400 Post the journals to the accounts payable subsidiary ledger 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 general Jumal. Use debit columns for Pield Supplies, omce Supplies, and Other Accounts in the purchases journal. Refer to the following partial chart of accounts: Cash 19 Land 14 Field Supplies 21 Accounts Payable 15 ome Supplies 61 Salary Expense 17 Theld Equipment 71 Rant 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 Omce Supply Co. Hydro Supply Co. Pure Equipment Co. For those boxes in which no entry is required, leave the box blank. If no other account is needed in the Other Accounts Decolumn select "No Entry Required PURCHASES JOURNAL PAGE 1 Post Accounts Field Supplies Office Supplies Date Post. Account Credited Other Accounts Ref Amount Payable Cr. Dr. Dr. Dr. Rel. April 16 Hydro Supply Co. 0 5,340 5,340 No Entry Required 0 April 16 Pure Equipment Co. 0 21,450 0 Field Equipment 17 21,450 April 17 Best Office Supply Co. 0 510 510 No Entry Required O April 23 Best Orice Supply Co. 0 660 No Entry Required 0 April 30 Hydro Supply Co. O 7.650 7,650 No Entry Required 0 6,040 0 1,340 April 30 17 Pure Equipment Co. Field Equipment 4,700 0 April 30 41,650 15,500 26,150 CASH PAYMENTS JOURNAL PAGE 1 Accounts Date Ck. No. Account Debited Post. Ref. Other Accounts De Cash Cr. Payable Dr. April 16 1 71 0 3,500 3,500 3,340 April 19 2 0 3,340 15 400 0 400 April 23 Rent Expense Field Supplies Orice Supplies Land Hydro Supply Co. Pure Equipment Co. Best Orice Supply Co. 19 0 140,000 140,000 0 April 24 4 5,340 April 26 5 0 5,340 21,450 510 21.450 April 30 6 0 April 30 61 0 Salary Expense Total 29,400 176,640 510 29,400 174,540 April 30 27,300 PAGE 1 JOURNAL Description Date Post. Ref. Debit Credit April 30 2. Post the individual entries in chronological order (Other Accounts Columns of the purchases journal and the cash payments joumal 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 yournal, and post the appropriate totals to the general ledger For those boxes in which he entry is required, leave the box blank 3. Total each of the columns of the purchases journal and the cash payments journal, and post the appropriate totals to the general ledger. For those boxes in which no entry is required, leave the box blank. ACCOUNTS PAYABLE SUBSIDIARY LEDGER Date Item Post. Ref. Debit Credit Balance Account: Best Office Supply Co. Account: Hydro Supply Co. Account: Pure Equipment Co. Post transactions in chronological order. However, if there is more that one transaction on the same date, post from the purchases journal first, ther 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 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. Debat Credit Dr. Account Cash 11 Account Field Supplies #14 Account: Office Supplies #15 Account: Field Equipment #17 Account: Land 19 Account Accounts Payable .21 Account: Land 19 Account: Accounts Payable #21 Account: Salary Expense #61 Account Rent Expense #71 4. Prepare a schedule of the accounts payable creditor balances AQUAFRESH WATER TESTING SERVICE Accounts Payable Creditor Balances April 30 Best Office Supply Co. Hydro Supply Co. Pure Equipment Co. Total accounts payable s. All are reasons why Aquafresh might consider using a subsidiary ledger for the field equipment EXCEPT