2. Insert the following balances in the accounts payable subsidiary ledger as of October 1: Executive Office Supply Co. $1,780 Meade Co. 3,610 Omni Co. Peach Computers Co. Yamura Co. After completing the recording of transactions in part 3, post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry. If an amount box does not require an entry, leave it blank Journalize the transactions for October (in chronological order), using the purchases journal below (p. 30) similar to the one illustrated in this chapter. Post to the creditor accounts in the accounts payable bsidiary ledger (in part 2) immediately after each entry. Post the purchases journal to the accounts in the general ledger (in part 1). If an amount box does not require an entry, leave it blank. no other account is needed in the "Other Accounts Dr." column select "No entry reuirad 21 V) 5a. What is the sum of the creditor balances in the subsidiary ledger at October 31? 5b. What is the balance of the accounts payable controlling account at October 31?

2. Insert the following balances in the accounts payable subsidiary ledger as of October 1: Executive Office Supply Co. $1,780 Meade Co. 3,610 Omni Co. Peach Computers Co. Yamura Co. After completing the recording of transactions in part 3, post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry. If an amount box does not require an entry, leave it blank Journalize the transactions for October (in chronological order), using the purchases journal below (p. 30) similar to the one illustrated in this chapter. Post to the creditor accounts in the accounts payable bsidiary ledger (in part 2) immediately after each entry. Post the purchases journal to the accounts in the general ledger (in part 1). If an amount box does not require an entry, leave it blank. no other account is needed in the "Other Accounts Dr." column select "No entry reuirad 21 V) 5a. What is the sum of the creditor balances in the subsidiary ledger at October 31? 5b. What is the balance of the accounts payable controlling account at October 31?

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 4PA

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