The purchases journal of NorthEastern Publishing Company follows.

Requirements
1. Total each column of the purchases journal.
2. Open four-column ledger accounts for Merchandise Inventory (118), Office Supplies (120), Equipment (150), and Accounts Payable (211). Post to these accounts from the purchases journal. Use dates and posting references in the accounts.
3. Open four-column accounts in the accounts payable subsidiary ledger for Farrell Equipment, Jump Supply, and Last Tech. Post from the purchases journal. Use dates and posting references in the ledger accounts.
4. Balance the Accounts Payable control account in the general ledger with the total of the balances in the accounts payable subsidiary ledger.

Transcribed Image Text:

Purchases Journal Page 7 Other Accounts DR Vendor Post. Accounts Merchandise Account Post. Date Account Credited TersR Payable CR Inventory DR Supplies DRTitle 2016 Sep. 2 Last Tech Ref. Amount n/30 n/30 4/10, nB0 n/30 825 165 1,460 910 825 5 Jump Supply 13 Last Tech 26 Farrell Equipment 165 1,460 Equipment 910 Sep. 30 Total