The cash payments and purchases journal for Out of Eden Landscaping Co. are show
ID: 2488400 • Letter: T
Question
The cash payments and purchases journal for Out of Eden Landscaping Co. are shown below. The accounts payable control account has a June 1, 2016, balance of $3,890, consisting of an amount owed to Augusta Sod Co.
PART 1: Prepare a schedule of the accounts payable creditor balances. If an amount is zero, enter "0".
PART 2: 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.
Thank you so much!
Explanation / Answer
Out of Eden Landscaping Co.
Account Payable Creditors Balances
30 June,2016
Augusta Sod Co $ 7820.00
Concrete Equipment Co. 0
Kopp Lumber Co. 3970.00
Schott's Fertiliser 0
Total Accounts Payable $11790.00
Out of Eden Landscaping Co.
Account Payable
(Controlling)
30 June,2016
Balance,1 June, 2016 $ 3890.00
Total credits (from purchases Journal) 22260.00
Total Debits (from cash payment Journal) 14360.00
Balance, June 30, 2016 $ 11790.00
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