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Wildhorse Company's chart of accounts includes the following selected accounts. 101 Cash 201 Accounts Payable 120 Inventory 306 Owner's Drawings Cost of Goods Sold 130

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Wildhorse Company's chart of accounts includes the following selected accounts. 101 Cash 201 Accounts Payable 120 Inventory 306 Owner's Drawings Cost of Goods Sold 130 505 Prepaid Insurance Equipment 157 On October 1, the accounts payable ledger of Wildhorse Company showed the following balances: Uggla Company $ 2,550, Orr Co. $ 2.450, Rosenthal Co. $ 1,870, and Clevenger Company $3,680. The October transactions involving the payment of cash were as falows Oct 1 Purchased merchandise, check no. 63. $ 210. 3 5 10 15 Purchased equipment, check no. 64, $ 770. Paid Uggla Company balance due of $ 2,550, less 2% discount, check no. 65, $ 2,499. Purchased merchandise, check no. 66, $2,280 Pald Rosenthal Co. balance due of $ 1,870, check no. 67 C. Wildhorse, the owner, pays his personal insurance premium of $490, check no. 68 Paid Orr Co.in full for invoice no. 610, $ 2.050 less 2% cash discount check no 69.$ 2009 Paid Clevenger Company in full for invoice no. 264, 52.480, check no. 70 16 19 29 Insert the beginning balances in the Accounts Payable control and subsidiary accounts, and post the October transactions to these accounts. (Post entries in the order of entries presented in the previous part.) General Ledger Accounts Payable Date Explanation Ref. Debit Credit Balance Balance CP: Accounts Payable Subsidiary Ledger Uggla Company Date Explanation Ref. Debit Credit Balance Balance Orr Co. Date Explanation Ref. Debit Credit Balance Balance V CP1 CP1 Orr Co. Date Explanation Ref. Debit Credit Balance Balance CP1 Rosenthal Co. Date Explanation Ref. Debit Credit Balance Balance CP1 Clevenger Company Date Explanation Ref. Debit Credit Balance Balance CPI eTextbook and Media Sve for later Attempts: unlimited Submit

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