Super Sweets of Edmonton, owned and operated by Jennifer Blanca, uses a purchases journal (page 15) and a general journal (page 3) to record the following transactions (continued from July):
2017
Aug. 5 Purchased merchandise on account from Bakker Co., invoice No. 2467, dated August 4, terms 2/10, n/60, $1,637.45.
9 Purchased merchandise on account from Holmes Co., invoice No. 1438, dated August 8, terms 2/10, n/60, $1,784.30.
12 Purchased store supplies on account from Genesis Co., invoice No. 5031, dated August 12, $1,478.25.
16 Issued debit memo No. 5 to Bakker Co. for merchandise returned, $245.00 from invoice No. 2467.
19 Purchased display equipment on account from Well-Equip Co., invoice No. 42784, dated August 18, $1,754.50.
25 Purchased additional store supplies on account from Genesis Co., invoice No. 5182, dated August 24, terms 2/10, n/30, $743.30.
The sweet store has decided to use a separate column for merchandise purchases and one for the purchase of supplies in the purchases journal.
Required
a. Journalize the transactions.
b. Post and record as appropriate.
c. Prepare a schedule of accounts payable.
Accounts Payable Ledger
Name _________________________ Balance
Bakker Co. ............................ $1,469.40
Holmes Co. ............................. 2,705.15
Genesis Co. ............................ 1,468.37
Well-Equip ......................... Co. 415.85
Partial General Ledger

Transcribed Image Text:

Account Number Balance $ 2,066.20 4,380.00 6,058.77 Store Supplies Display Equipment Accounts Payable Purchases Purchases Returns and Allowances 110 120 210 510 74,294.30 683.28 512