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As the accountant for Riley's Natural Food Store, (1) journalize the following transactions into the general journal (p. 2), (2) record and post as appropriate, and (3) prepare a schedule of accounts payable. If using working papers, be sure to put in the following balances: Aris Co., $350; Brown Co., $800; Moose Co., $1,350; Ready Co., $700; Merchandise Inventory, $19,000; Accounts Payable, S3,200. Use the perpetual method. 201X April 8 Purchased $750 of merchandise on account from Aris Co., invoice no. 400, dated April 9; terms 5/10, n/60. 10 Purchased $1,350 of merchandise on account from Brown Co., invoice no. 420, dated April 11; terms 5/10, n/60. 12 Purchased $400 of store supplies on account from Moose Co., invoice no. 510, dated April 13. 14 Issued debit memo no. 8 to Aris Co. for merchandise returned, $300, from invoice no. 400. 17 Purchased $640 of office equipment on account from Ready Co., invoice no. 810, dated April 18. 24 Purchased $850 of additional store supplies on account from Moose Co., invoice no. 516, dated April 25; terms 5/10, n/30.

As the accountant for Riley's Natural Food Store, (1) journalize the following transactions into the general journal (p. 2), (2) record and post as appropriate, and (3) prepare a schedule of accounts payable. If using working papers, be sure to put in the following balances: Aris Co., $350; Brown Co., $800; Moose Co., $1,350; Ready Co., $700; Merchandise Inventory, $19,000; Accounts Payable, S3,200. Use the perpetual method. 201X April 8 Purchased $750 of merchandise on account from Aris Co., invoice no. 400, dated April 9; terms 5/10, n/60. 10 Purchased $1,350 of merchandise on account from Brown Co., invoice no. 420, dated April 11; terms 5/10, n/60. 12 Purchased $400 of store supplies on account from Moose Co., invoice no. 510, dated April 13. 14 Issued debit memo no. 8 to Aris Co. for merchandise returned, $300, from invoice no. 400. 17 Purchased $640 of office equipment on account from Ready Co., invoice no. 810, dated April 18. 24 Purchased $850 of additional store supplies on account from Moose Co., invoice no. 516, dated April 25; terms 5/10, n/30.

Financial & Managerial Accounting
Financial & Managerial Accounting
14th Edition
ISBN:9781337119207
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter8: Receivables
Section: Chapter Questions
Problem 8.6APR: Sales and notes receivable transactions The following were selected from among the transactions...
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I have attached a picture of question 10-2 in College Accounting a Practical Approach . I got things journalized just fine but I am struggling to create the Accounts Payable Subledger correct and coming up with a total schedule of accounts of $6980. I have attached a picture of the incorrect work i did so maybe you can better point me in the right direction

Insert Draw Page Layout Formulas Data Review View Help Acrol File Home X Cut A A === . 2 Wrap Text Arial v 10 旧Copy Paste 、田、 EEEE E Merge & Center BIU Format Painter Clipboard Font Alignment АА31 fir AA B C. D. E. FGHI JKLMN O PQR S T. UVW X ACCOUNTS PAYABLE SUBSIDIARY LEDGER 8. 6. 10 NAME ARIS CO. 11 Date 12 Post Ref. Explanation Debit Credit Cr. Balance 13 1. 3 5 0 7 5 0 14 9. 1 1 0000 15 14 3 0 0 16 8 0000 17 18 19 NAME BROWN CO. 20 Post Date Explanation Debit Credit Cr. Balance 21 Ref. 22 1 8 00 1 3 50 23 10 24 2 35 000 25 26 27 28 NAME MOOSE CO. 道 29 Post Date Explanation Debit Credit Cr. Balance 30 Ref. 31 1 12 24 1 3 5 000 4 0 000 8 5 000 32 33 34 2 7 0 0 35 36 37 NAME READY CO. 38 Post 39 Date Explanation Debit Credit Cr. Balance Ref. 1. 17 40 7 0 000 6 4 000 41 42 43 1 3 4 0 44 45 46 47 48 Gen. Journal AP Subledger Ledger AP Schedule P Type here to search 12
Transcribed Image Text:Insert Draw Page Layout Formulas Data Review View Help Acrol File Home X Cut A A === . 2 Wrap Text Arial v 10 旧Copy Paste 、田、 EEEE E Merge & Center BIU Format Painter Clipboard Font Alignment АА31 fir AA B C. D. E. FGHI JKLMN O PQR S T. UVW X ACCOUNTS PAYABLE SUBSIDIARY LEDGER 8. 6. 10 NAME ARIS CO. 11 Date 12 Post Ref. Explanation Debit Credit Cr. Balance 13 1. 3 5 0 7 5 0 14 9. 1 1 0000 15 14 3 0 0 16 8 0000 17 18 19 NAME BROWN CO. 20 Post Date Explanation Debit Credit Cr. Balance 21 Ref. 22 1 8 00 1 3 50 23 10 24 2 35 000 25 26 27 28 NAME MOOSE CO. 道 29 Post Date Explanation Debit Credit Cr. Balance 30 Ref. 31 1 12 24 1 3 5 000 4 0 000 8 5 000 32 33 34 2 7 0 0 35 36 37 NAME READY CO. 38 Post 39 Date Explanation Debit Credit Cr. Balance Ref. 1. 17 40 7 0 000 6 4 000 41 42 43 1 3 4 0 44 45 46 47 48 Gen. Journal AP Subledger Ledger AP Schedule P Type here to search 12
CHAPTER 1o Purchases and Cash Payments in a Perpetual Inven Check Figure Accounts pa 201X $7,900 4 Bought $600 of merchandise on account from Wales Co., invoice no. 442, dated May 5; terms 3/10, n/30. May 5 Bought $4,600 of store equipment on account from Kingston Co., invoice no. 502, dated May 6. 8 Bought $1,700 of merchandise on account from Rolo Co., invoice no. 401, dated May 9; terms 3/10, n/30. 14 Bought $1,000 of store supplies on account from Wales Co., invoice no. 419, dated May 14. COA-2. As the accountant for Riley's Natural Food Store, (1) journalize the following transactions into the general journal (p. 2), (2) record and post as appropriate, and (3) prepare a schedule of accounts payable. If using working papers, to put in the following balances: Aris Co., $350; Brown Co., $800; Moose Co., $1,350; Ready Co., $700; Merchandise Inventory, $19,000; Accounts Payable, $3,200. Use the perpetual method. be sure Check 201X Total s April 8 Purchased $750 of merchandise on account from Aris Co., invoice no. 400, dated $6,89 April 9; terms 5/10, n/60. 10 Purchased $1,350 of merchandise on account from Brown Co., invoice no. 420, dated April 11; terms 5/10, n/60. 12 Purchased $400 of store supplies on account from Moose Co., invoice no. 510, dated April 13. 14 Issued debit memo no. 8 to Aris Co. for merchandise returned, $300, from invoice no. 400. 17 Purchased $640 of office equipment on account from Ready Co., invoice no. 810, dated April 18. 24 Purchased $850 of additional store supplies on account from Moose Co., invoice no. 516, dated April 25; terms 5/10, n/30. Wendy Drew operates a wholesale computer center and has hired you as her bookkeeper to record the following transactions. She would like you to (1) jour- nalize the following transactions, (2) record to the accounts payable subsidiary ledger and post to the general ledger as appropriate, and (3) prepare a schedule of accounts payable. If using working papers, be sure to put in the following beginning balances: Andersen Co., $1,200; Henderson Co., $400; Squash Co., $900; Xhosa Co., $1,300; Cash, $22,000; Accounts Payable, $3,800; Merchandise
Transcribed Image Text:CHAPTER 1o Purchases and Cash Payments in a Perpetual Inven Check Figure Accounts pa 201X $7,900 4 Bought $600 of merchandise on account from Wales Co., invoice no. 442, dated May 5; terms 3/10, n/30. May 5 Bought $4,600 of store equipment on account from Kingston Co., invoice no. 502, dated May 6. 8 Bought $1,700 of merchandise on account from Rolo Co., invoice no. 401, dated May 9; terms 3/10, n/30. 14 Bought $1,000 of store supplies on account from Wales Co., invoice no. 419, dated May 14. COA-2. As the accountant for Riley's Natural Food Store, (1) journalize the following transactions into the general journal (p. 2), (2) record and post as appropriate, and (3) prepare a schedule of accounts payable. If using working papers, to put in the following balances: Aris Co., $350; Brown Co., $800; Moose Co., $1,350; Ready Co., $700; Merchandise Inventory, $19,000; Accounts Payable, $3,200. Use the perpetual method. be sure Check 201X Total s April 8 Purchased $750 of merchandise on account from Aris Co., invoice no. 400, dated $6,89 April 9; terms 5/10, n/60. 10 Purchased $1,350 of merchandise on account from Brown Co., invoice no. 420, dated April 11; terms 5/10, n/60. 12 Purchased $400 of store supplies on account from Moose Co., invoice no. 510, dated April 13. 14 Issued debit memo no. 8 to Aris Co. for merchandise returned, $300, from invoice no. 400. 17 Purchased $640 of office equipment on account from Ready Co., invoice no. 810, dated April 18. 24 Purchased $850 of additional store supplies on account from Moose Co., invoice no. 516, dated April 25; terms 5/10, n/30. Wendy Drew operates a wholesale computer center and has hired you as her bookkeeper to record the following transactions. She would like you to (1) jour- nalize the following transactions, (2) record to the accounts payable subsidiary ledger and post to the general ledger as appropriate, and (3) prepare a schedule of accounts payable. If using working papers, be sure to put in the following beginning balances: Andersen Co., $1,200; Henderson Co., $400; Squash Co., $900; Xhosa Co., $1,300; Cash, $22,000; Accounts Payable, $3,800; Merchandise
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