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Wendy Tizzi operates a wholesale computer center and has hired you as her bookkeeper to record the following transactions. She would like you to
Wendy Tizzi operates a wholesale computer center and has hired you as her bookkeeper to record the following transactions. She would like you to (1) journalize the following transactions, (2) record to the accounts payable subsidiary ledger and post to the general ledger as appropriate, and (3) prepare a schedule of accounts payable. The beginning account balances follow: Axiom Co., $1,050; Hatheway Co., $600, Sorrel Co., $750, Xon Co., $800; Cash, $20,000; Accounts Payable, $3,200; Merchandise Inventory, $4,500. Use the perpetual method. (Assume all purchases of computers by Wendy Tizzi are for purchases of inventory to be later sold for profit.) (Click the icon to view the transactions.) Mar Bal. Mar Accounts Payable Subsidiary Ledger Axiom Co. Hatheway Co. Sorrel Co. Mar 1 1,050 Mar. Mar 1 600 Mar Mar 1 750 Bal Bal Bal. Bal Bal Xon Co. Mar 1 800 Bal Bal
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