
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Hi, for the last part of this question, it says "After you prepare the schedule of accounts payable creditor balances, determine that the total agrees with the ending balance of the Accounts Payable controlling account."
Outdoor Artisan Landscaping
Accounts Payable
(Controlling)
Balance, June 1, 20Y1 $
Total credits (from purchases journal)
Total debits (from cash payments journal)
Balance, June 30, 20Y1 $
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Ch 5-3 Exercises & Problems
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The cash payments and purchases journal for Outdoor Artisan Landscaping follow. The accounts payable control account has a June 1, 20Y1, balance of $3,600, consisting of an amount owed to Augusta Sod Co
CASH PAYMENTS JOURNAL
Page 31
Accounts Payable
Dr
Date Ck. No. Account Debited Post Ref. Other Accounts Dr
Cash Cr.
20Y1
June 4
203
Augusta Sod Co
3,600
3,600
5 204 Utilities Expense
470
470
Home Centers
5,900
5,900
1,040
11,010
15 205
Lumber Co
24 206 Nu Lawn Fertilizer
1,040
10,540
(21)
30
470
Page 22
PURCHASES JOURNAL
Accounts
Payable Cr.
Landscaping
Supplies Dr.
Date
Account Credited
Post Ref
Other Accounts Dr.
Post Ref
Amount
20Y1
June 3 Home Centers Lumber Co
5,900
5,900
2,740
1,040
7,240
3,670
20,590
(21)
Equipment
18
2,740
Concrete Equipment Co
14 Nu Lawn Fertilizer
24 Augusta Sod Co
29 Home Centers Lumber Co
30
1,040
7,240
3,670
17,850
(14)
2,740
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