Purchases, Accounts Payable Subsidiary Account, and Accounts Payable Ledger Sterling Forest Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in the actual landscaping. Purchases on account completed by Sterling Forest Landscaping during October are as follows: Purchased office supplies on account from Meade Co., $4,720. Oct. 2. Purchased office equipment on account from Peach Computers Co., $6,790. 5. Purchased office supplies on account from Executive Office Supply Co., $490. 9. 13. Purchased field supplies on account from Yamura Co., $5,370. Purchased field supplies on account from Omni Co., $710. 14. Purchased field supplies on account from Yamura Co., $12,780. 17. Purchased field supplies on account from Omni Co., $3,600. 24. Purchased office supplies on account from Executive Office Supply Co., $320. 29. Purchased field supplies on account from Omni Co., $4,710. 31. Note: Posting references have been provided. 5a. What is the sum of the creditor balances in the subsidiary ledger at October 31? 5b. What is the balance of the account payable controlling account at October 31? 6. What type of e-commerce application would be used to plan and coordinate transactions with suppliers?
Purchases, Accounts Payable Subsidiary Account, and Accounts Payable Ledger Sterling Forest Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in the actual landscaping. Purchases on account completed by Sterling Forest Landscaping during October are as follows: Purchased office supplies on account from Meade Co., $4,720. Oct. 2. Purchased office equipment on account from Peach Computers Co., $6,790. 5. Purchased office supplies on account from Executive Office Supply Co., $490. 9. 13. Purchased field supplies on account from Yamura Co., $5,370. Purchased field supplies on account from Omni Co., $710. 14. Purchased field supplies on account from Yamura Co., $12,780. 17. Purchased field supplies on account from Omni Co., $3,600. 24. Purchased office supplies on account from Executive Office Supply Co., $320. 29. Purchased field supplies on account from Omni Co., $4,710. 31. Note: Posting references have been provided. 5a. What is the sum of the creditor balances in the subsidiary ledger at October 31? 5b. What is the balance of the account payable controlling account at October 31? 6. What type of e-commerce application would be used to plan and coordinate transactions with suppliers?
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter11: Accounting For Transactions Using A General Journal
Section: Chapter Questions
Problem 1AP
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Transcribed Image Text:Purchases, Accounts Payable Subsidiary Account, and Accounts Payable Ledger
Sterling Forest Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in
the actual landscaping. Purchases on account completed by Sterling Forest Landscaping during October are as follows:
Purchased office supplies on account from Meade Co., $4,720.
Oct. 2.
Purchased office equipment on account from Peach Computers Co., $6,790.
5.
Purchased office supplies on account from Executive Office Supply Co., $490.
9.
13.
Purchased field supplies on account from Yamura Co., $5,370.
Purchased field supplies on account from Omni Co., $710.
14.
Purchased field supplies on account from Yamura Co., $12,780.
17.
Purchased field supplies on account from Omni Co., $3,600.
24.
Purchased office supplies on account from Executive Office Supply Co., $320.
29.
Purchased field supplies on account from Omni Co., $4,710.
31.
Note: Posting references have been provided.
Transcribed Image Text:5a. What is the sum of the creditor balances in the subsidiary ledger at October 31?
5b. What is the balance of the account payable controlling account at October 31?
6. What type of e-commerce application would be used to plan and coordinate transactions with suppliers?
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