E7-22 only (118), Office Sup-plies (120), Equipment (150), and Accounts Payable (211). Post to these accountsfrom the purchases journal. Use dates and posting references in the accounts.3. Open four-column accounts in the accounts payable subsidiary ledger for FallonEquipment, Jell Supply, and Leap Tech. Post from the purchases journal. Use datesand posting references in the ledger accounts.4. Balance the Accounts Payable control account in the general ledger with the totalof the ending balances in the accounts payable subsidiary ledger.Learning Objective 3E7-22 Identifying transactions in the accounts payable subsidiary ledgerA vendor account in the accounts payable subsidiary ledger of Frost Company follows.LARRY CARPENTERBalanceDate Post. Ref.DebitCreditDebitCreditDec.1,80012P.42,3404,14020J.102003,94029CP.61,5002,440orngren's Accounting, Volume 1, Third Custom Edition for Borough of Manhattan Community College of CUNY by Tracie L. Miller-Nobles, Brenda L. Mattison, and Ella Maeatsumura. Copvriaht © 2018 bv Pearson Education. Inc. All Riahts Reserved. Pearson Custom Edition.MacBook Air80DIIF3F4F6F7F8F9F10F12#3$&34579{RYUPCHAPTER 7* 00 Describe the three posted transactions.

Accounts payable are referred as suppliers of a company, from whom goods are purchased on credit.

Answered: Describe the three posted transactions.

Business

Accounting

Describe the three posted transactions.

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 2PB: Transactions related to revenue and cash receipts completed by Sterling Engineering Services during...

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