Question
urchases, Accounts Payable Subsidiary Account, and Accounts Payable Ledger English Garden Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies,
urchases, Accounts Payable Subsidiary Account, and Accounts Payable Ledger
English Garden Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in the actual landscaping. Purchases on account completed by English Garden Landscaping during January are as follows:
Jan. 2. | Purchased office supplies on account from Meade Co., $3,950. | |
5. | Purchased office equipment on account from Peach Computers Co., $5,680. | |
9. | Purchased office supplies on account from Executive Office Supply Co., $410. | |
13. | Purchased field supplies on account from Yamura Co., $4,490. | |
14. | Purchased field supplies on account from Naples Co., $590. | |
17. | Purchased field supplies on account from Yamura Co., $10,690. | |
24. | Purchased field supplies on account from Naples Co., $3,010. | |
29. | Purchased office supplies on account from Executive Office Supply Co., $270. | |
31. | Purchased field supplies on account from Naples Co., $3,940. |
Note: Posting references have been provided.
Required:
1. Insert the following balances in the general ledger as of January 1:
14 | Field Supplies | $8040 |
15 | Office Supplies | 1850 |
18 | Office Equipment | 27120 |
21 | Accounts Payable | 6900 |
After completing the recording of transactions in part 3, post the purchases journal to the accounts in the general ledger. If an amount box does not require an entry, leave it blank.
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