1. The purchases journal for Newmark Exterior Cleaners Inc. follows. The accounts payable account has a March 1, 20Y2, balance of $605 for an amount owed to Nicely Co. No payments were made on creditor invoices during March.

   PURCHASES JOURNAL

   Page 16

   Date

   Account Credited

   Post. Ref.

   Accts. Payable Cr.

   Cleaning Supplies Dr.

   Other Accounts Dr.

   Post. Ref.

   Amount

   20Y2

   Mar. 4

   Enviro-Wash Supplies Inc.

   945

   945

   Mar. 15

   Nicely Co.

   410

   410

   Mar. 20

   Office Mate Inc.

   4,475

   Office Equipment

   4,475

   Mar. 26

   Enviro-Wash Supplies Inc.

   545

   545

   Mar. 31

   6,375

   1,900

   4,475

   a. & b. Post the transactions from the purchases journal to the creditor accounts and determine their ending balances.

   Enviro-Wash Supplies Inc.
   			fill in the blank c62a78fea02bff3_2
   			fill in the blank c62a78fea02bff3_4
   		31 Bal.	fill in the blank c62a78fea02bff3_5

   Nicely Co.
   			fill in the blank c62a78fea02bff3_7
   			fill in the blank c62a78fea02bff3_9
   		31 Bal.	fill in the blank c62a78fea02bff3_10

   Office Mate Inc.
   			fill in the blank c62a78fea02bff3_12
   		31 Bal.	fill in the blank c62a78fea02bff3_13

   c. Prepare T accounts for the accounts payable control and cleaning supplies accounts. Post control totals to the two accounts, and determine their ending balances. Cleaning Supplies had a zero balance at the beginning of the month.

   Accounts Payable
   			fill in the blank c62a78fea02bff3_15
   			fill in the blank c62a78fea02bff3_17
   		31 Bal.	fill in the blank c62a78fea02bff3_18

   Cleaning Supplies
   	fill in the blank c62a78fea02bff3_20
   31 Bal.	fill in the blank c62a78fea02bff3_21

   d. Prepare a schedule of the creditor account balances to verify the equality of the sum of the accounts payable creditor balances and the accounts payable controlling account balance.

   Newmark Exterior Cleaners Inc.
   Accounts Payable Creditor Balances
   March 31, 20Y2
   Enviro-Wash Supplies Inc.	$fill in the blank 99cac0febf88048_1
   Nicely Co.	fill in the blank 99cac0febf88048_2
   Office Mate Inc.	fill in the blank 99cac0febf88048_3
   Total accounts payable	$fill in the blank 99cac0febf88048_4

   e. All of the following are ways a computerized accounting system might differ from the use of a purchases journal in recording purchase transactions EXCEPT:

Check My Work3 more Check My Work uses remaining.