1. The purchases journal for Newmark Exterior Cleaners Inc. follows. The accounts payable account has a March 1, 20Y2, balance of $520 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.

   810

   810

   Mar. 15

   Nicely Co.

   355

   355

   Mar. 20

   Office Mate Inc.

   3,850

   Office Equipment

   3,850

   Mar. 26

   Enviro-Wash Supplies Inc.

   470

   470

   Mar. 31

   5,485

   1,635

   3,850

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

   Enviro-Wash Supplies Inc.
   		31 Bal.

   Nicely Co.
   		31 Bal.

   Office Mate Inc.
   		31 Bal.

   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
   		31 Bal.

   Cleaning Supplies
   31 Bal.

   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.	$
   Nicely Co.
   Office Mate Inc.
   Total supplier account balances	$

   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:

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