Transactions related to purchases and cash payments completed by Green Kleen Cleaning Services Inc. during the month

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Transactions related to purchases and cash payments completed by Green Kleen Cleaning
Services Inc. during the month of March 2014 are as follows:
Mar. 1. Issued Check No. 57 to Liquid Klean Supplies Inc. in payment of account, $325.
3. Purchased cleaning supplies on account from Sani-Fresh Products Inc., $190.
8. Issued Check No. 58 to purchase equipment from Carson Equipment Sales,
$2,850.
12. Purchased cleaning supplies on account from Porter Products Inc., $320.
15. Issued Check No. 59 to Bowman Laundry Service in payment of account, $150.
18. Purchased supplies on account from Liquid Klean Supplies Inc., $245.
20. Purchased laundry services from Bowman Laundry Service on account, $130.
26. Issued Check No. 60 to Sani-Fresh Products Inc. in payment of March 3 invoice.
31. Issued Check No. 61 in payment of salaries, $5,900.
Prepare a purchases journal and a cash payments journal to record these transactions. The forms of the journals are similar to those illustrated in the text. Place a check mark (✓) in the Post. Ref. column to indicate when the accounts payable subsidiary ledger should be posted. Green Kleen Cleaning Services Inc. uses the following accounts:
Cash...............................................11
Cleaning Supplies...............................14
Equipment.......................................18
Accounts Payable...............................21
Salary Expense..................................51
Laundry Service Expense......................53
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Accounting

ISBN: 978-1133607601

25th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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