Purchases and Cash Payments Journals

Happy Tails Inc. has a September 1, 20Y4, accounts payable balance of $635, which consists of $405 due Labradore Inc. and $230 due Meow Mart Inc. Transactions related to purchases and cash payments completed by Happy Tails Inc. during the month of September 20Y4 are as follows:

Sept. 4.	Purchased pet supplies from Best Friend Supplies Inc. on account, $275.
Sept. 6.	Issued Check No. 345 to Labradore Inc. in payment of account, $405.
Sept. 13.	Purchased pet supplies from Poodle Pals Inc. on account, $785.
Sept. 18.	Issued Check No. 346 to Meow Mart Inc. in payment of account, $230.
Sept. 19.	Purchased office equipment from Office Helper Inc. on account, $2,675.
Sept. 23.	Issued Check No. 347 to Best Friend Supplies Inc. in payment of account from purchase made on September 4.
Sept. 27.	Purchased pet supplies from Meow Mart Inc. on account, $415.
Sept. 30.	Issued Check No. 348 to Jennings Inc. for cleaning expenses, $60.

Happy Tails Inc. uses the following accounts:

Cash	11
Pet Supplies	14
Office Equipment	18
Accounts Payable	21
Cleaning Expense	54

Question Content Area

a. Prepare a purchases journal and a cash payments journal to record these transactions in chronological order. If an amount box does not require an entry, leave it blank.

If no entry is required in "Other Accounts Dr." then select "No entry required".

PURCHASES JOURNAL							PAGE 16
DATE	Account Credited	Post. Ref.	Accounts Payable Cr.	Pet Supplies Dr.	Other Accounts Dr.	Post. Ref.	Amount
20Y4
Sept. 4Sept. 6Sept. 13Sept. 18Sept. 19Sept. 23Sept. 27Sept. 30	Best Friend Supplies Inc.Jennings Inc.Labradore Inc.Meow Mart Inc.No entry requiredOffice Helper Inc.		fill in the blank 80cc70f81fef02f_3	fill in the blank 80cc70f81fef02f_4	Best Friend Supplies Inc.Meow Mart Inc.No entry requiredOffice Helper Inc.Office EquipmentPoodle Pals Inc.		fill in the blank 80cc70f81fef02f_6
Sept. 4Sept. 6Sept. 13Sept. 18Sept. 19Sept. 23Sept. 27Sept. 30	Best Friend Supplies Inc.Meow Mart Inc.No entry requiredOffice Helper Inc.Office EquipmentPoodle Pals Inc.		fill in the blank 80cc70f81fef02f_9	fill in the blank 80cc70f81fef02f_10	Best Friend Supplies Inc.Meow Mart Inc.No entry requiredOffice Helper Inc.Office EquipmentPoodle Pals Inc.		fill in the blank 80cc70f81fef02f_12
Sept. 4Sept. 6Sept. 13Sept. 18Sept. 19Sept. 23Sept. 27Sept. 30	Best Friend Supplies Inc.Meow Mart Inc.No entry requiredOffice Helper Inc.Office EquipmentPoodle Pals Inc.		fill in the blank 80cc70f81fef02f_15	fill in the blank 80cc70f81fef02f_16	Best Friend Supplies Inc.Meow Mart Inc.No entry requiredOffice Helper Inc.Office EquipmentPoodle Pals Inc.	fill in the blank 80cc70f81fef02f_18	fill in the blank 80cc70f81fef02f_19
Sept. 4Sept. 6Sept. 13Sept. 18Sept. 19Sept. 23Sept. 27Sept. 30	Best Friend Supplies Inc.Meow Mart Inc.No entry requiredOffice Helper Inc.Office EquipmentPoodle Pals Inc.		fill in the blank 80cc70f81fef02f_22	fill in the blank 80cc70f81fef02f_23	Best Friend Supplies Inc.Meow Mart Inc.No entry requiredOffice Helper Inc.Office EquipmentPoodle Pals Inc.		fill in the blank 80cc70f81fef02f_25
Sept. 4Sept. 6Sept. 13Sept. 18Sept. 19Sept. 23Sept. 27Sept. 30			fill in the blank 80cc70f81fef02f_27	fill in the blank 80cc70f81fef02f_28			fill in the blank 80cc70f81fef02f_29
			(fill in the blank 80cc70f81fef02f_30)	(fill in the blank 80cc70f81fef02f_31)

Question Content Area

CASH PAYMENTS JOURNAL						PAGE 22
DATE	Ck. No.	Account Debited	Post. Ref.	Other Accounts Dr.	Accounts Payable Dr.	Cash Cr.
20Y4
Sept. 4Sept. 6Sept. 13Sept. 18Sept. 19Sept. 23Sept. 27Sept. 30	fill in the blank d20a9906406a051_2	Best Friend Supplies Inc.Cleaning ExpenseLabradore Inc.Meow Mart Inc.Pet SuppliesJennings Inc.		fill in the blank d20a9906406a051_4	fill in the blank d20a9906406a051_5	fill in the blank d20a9906406a051_6
Sept. 4Sept. 6Sept. 13Sept. 18Sept. 19Sept. 23Sept. 27Sept. 30	fill in the blank d20a9906406a051_8	Best Friend Supplies Inc.Cleaning ExpenseLabradore Inc.Meow Mart Inc.Office EquipmentOffice Helper		fill in the blank d20a9906406a051_10	fill in the blank d20a9906406a051_11	fill in the blank d20a9906406a051_12
Sept. 4Sept. 6Sept. 13Sept. 18Sept. 19Sept. 23Sept. 27Sept. 30	fill in the blank d20a9906406a051_14	Best Friend Supplies Inc.Cleaning ExpenseLabradore Inc.Meow Mart Inc.Office EquipmentJennings Inc.		fill in the blank d20a9906406a051_16	fill in the blank d20a9906406a051_17	fill in the blank d20a9906406a051_18
Sept. 4Sept. 6Sept. 13Sept. 18Sept. 19Sept. 23Sept. 27Sept. 30	fill in the blank d20a9906406a051_20	Best Friend Supplies Inc.Cleaning ExpenseLabradore Inc.Meow Mart Inc.Poodle Pals Inc.Jennings Inc.	fill in the blank d20a9906406a051_22	fill in the blank d20a9906406a051_23	fill in the blank d20a9906406a051_24	fill in the blank d20a9906406a051_25
Sept. 4Sept. 6Sept. 13Sept. 18Sept. 19Sept. 23Sept. 27Sept. 30				fill in the blank d20a9906406a051_27	fill in the blank d20a9906406a051_28	fill in the blank d20a9906406a051_29
					(fill in the blank d20a9906406a051_30)	(fill in the blank d20a9906406a051_31)

Question Content Area

b. Prepare a listing of accounts payable creditor balances on September 30, 20Y4. Verify that the total of the accounts payable creditor balances equals the balance of the accounts payable controlling account on September 30, 20Y4.

Happy Tails Inc. Accounts Payable Creditor Balances September 30, 20Y4

Meow Mart Inc.	$fill in the blank e51286008fe5ffa_1
Poodle Pals Inc.	fill in the blank e51286008fe5ffa_2
Office Helper Inc.	fill in the blank e51286008fe5ffa_3
Total accounts payable	$fill in the blank e51286008fe5ffa_4

Question Content Area

c. Happy Tails Inc. uses a subsidiary ledger for accounts payable for all of the following reasons EXCEPT:

To track its credit purchases and payments to the individual supplier.To eliminate the need for an accounts payable controlling account.To know how much it owes to each individual supplier.To pay suppliers for the amount owed in a timely manner.