80.2K

Verified Solution

Link Copied!

eBook Cakulator Purchases and Cash Payments Journals; Accounts Payable Subsidiary and General Ledgers TITIL Aquafresh Water Testing Service was established on April 16. AquaFresh uses Neld equipment and field supplies (chemicals and other supplies) to analyze water for unsafe contaminants in streams, lakes, and ponds. Transactions related to purchases and cash payments during the remainder of April are as follows: April 16. Issued Check No. 1 in payment of rent for the remainder of April, $3,500. April 16. Purchased field supplies on account from Hydro Supply Co., $5,340. April 16. Purchased field equipment on account from Pure Equipment Co., $21,450. April 17. Purchased office supplies on account from Best Office Supply Co., $510. April 19. Issued Check No. 2 in payment of field supplies, $3,340, and office supplies, $400. Post the journals to the accounts payable subsidiary ledger. April 23. Purchased office supplies on account from Best Office Supply Co., 5660. April 23. Issued Check No. 3 to purchase land, $140,000 April 24. Issued Check No. 4 to Hydro Supply Co. In payment of April 16 invoice, 55,340. April 26. Issued Check No. 5 to Pure Equipment Co. In payment of April 16 Invoice, 521,450. April 30. Post the journals to the accounts payable subsidiary ledger. Acquired land in exchange for held equipment having a cost of $12,000. Purchased field supplies on account from Hydro Supply Co., 57,650 issued Check No. 6 to Best Omice Supply Co. in payment of April 17 invoice, 5510 April 30. April 30. Check My Work 3 more Check My Work uses remaining @ 11:27 eBook Calculator Required: 1. Journalize the transactions in chronological order as presented in the data for April. Use a purchases journal and a cash payments journal, and a two- column general Journal. Use debit columns for Held Supplies, Omice Supplies, and Other Accounts in the purchases journal. Refer to the following partial chart of accounts: 11 Cash 19 Land 21 Accounts Payable 14 15 Field Supplies Omce Supplies Field Equipment 61 Salary Expense 17 71 Rent Expense At the points indicated in the narrative of transactions, post to the following accounts in chronological order in the accounts payable subsidiary ledger: Best Omice Supply Co. Hydro Supply Co. Pure Equipment Co. For those boxes in which no entry is required, leave the box blank. If no other account is needed in the Other Accounts Dr." column select "No Entry Required PURCHASES JOURNAL PAGE Other Accounts Date Account Credited Post. Accounts Payable Feld Supplies Office Supplies Ref. Post. Ref. Amou C. Check My Work 3 more Check My Work uses remaining Account: Salary Expense #61 Account: Rent Expense #71 4. Prepare a schedule of the accounts payable creditor balances AQUAFRESH WATER TESTING SERVICE Accounts Payable Cruditor Balances Best Omice Supply Co. Hydro Supply Co. Pure Equipment Co. Total accounts payable Check My Work 3 more Check My Work uses remaining Email Instructor Save and Exit Submit Assignment for Grading eBook Cakulator Purchases and Cash Payments Journals; Accounts Payable Subsidiary and General Ledgers TITIL Aquafresh Water Testing Service was established on April 16. AquaFresh uses Neld equipment and field supplies (chemicals and other supplies) to analyze water for unsafe contaminants in streams, lakes, and ponds. Transactions related to purchases and cash payments during the remainder of April are as follows: April 16. Issued Check No. 1 in payment of rent for the remainder of April, $3,500. April 16. Purchased field supplies on account from Hydro Supply Co., $5,340. April 16. Purchased field equipment on account from Pure Equipment Co., $21,450. April 17. Purchased office supplies on account from Best Office Supply Co., $510. April 19. Issued Check No. 2 in payment of field supplies, $3,340, and office supplies, $400. Post the journals to the accounts payable subsidiary ledger. April 23. Purchased office supplies on account from Best Office Supply Co., 5660. April 23. Issued Check No. 3 to purchase land, $140,000 April 24. Issued Check No. 4 to Hydro Supply Co. In payment of April 16 invoice, 55,340. April 26. Issued Check No. 5 to Pure Equipment Co. In payment of April 16 Invoice, 521,450. April 30. Post the journals to the accounts payable subsidiary ledger. Acquired land in exchange for held equipment having a cost of $12,000. Purchased field supplies on account from Hydro Supply Co., 57,650 issued Check No. 6 to Best Omice Supply Co. in payment of April 17 invoice, 5510 April 30. April 30. Check My Work 3 more Check My Work uses remaining @ 11:27 eBook Calculator Required: 1. Journalize the transactions in chronological order as presented in the data for April. Use a purchases journal and a cash payments journal, and a two- column general Journal. Use debit columns for Held Supplies, Omice Supplies, and Other Accounts in the purchases journal. Refer to the following partial chart of accounts: 11 Cash 19 Land 21 Accounts Payable 14 15 Field Supplies Omce Supplies Field Equipment 61 Salary Expense 17 71 Rent Expense At the points indicated in the narrative of transactions, post to the following accounts in chronological order in the accounts payable subsidiary ledger: Best Omice Supply Co. Hydro Supply Co. Pure Equipment Co. For those boxes in which no entry is required, leave the box blank. If no other account is needed in the Other Accounts Dr." column select "No Entry Required PURCHASES JOURNAL PAGE Other Accounts Date Account Credited Post. Accounts Payable Feld Supplies Office Supplies Ref. Post. Ref. Amou C. Check My Work 3 more Check My Work uses remaining Account: Salary Expense #61 Account: Rent Expense #71 4. Prepare a schedule of the accounts payable creditor balances AQUAFRESH WATER TESTING SERVICE Accounts Payable Cruditor Balances Best Omice Supply Co. Hydro Supply Co. Pure Equipment Co. Total accounts payable Check My Work 3 more Check My Work uses remaining Email Instructor Save and Exit Submit Assignment for Grading

Answer & Explanation Solved by verified expert

See Answer