Accounts Payable Subsidiary Ledger The cash payments and purchases journals for Magnolia…
Accounts Payable Subsidiary Ledger The cash payments and purchases journals for Magnolia Landscaping follow. The accounts payable control account has a June 1, 2011, balance of $3,590, consisting of an amount owed to Augusta Sod Co. CASH PAYMENTS JOURNAL Page 31 Date Other Accounts Dr. Ck. No. Post Ref. Accounts Payable Dr. Account Debited Cash 20Y1 Cr. June 4 203 Augusta Sod Co. 3,590 June 5 3,590 204 Utilities Expense 54 710 June 15 710 205 Home Centers Lumber Co. 8,390 June 24 206 8,390 Nu Lawn Fertilizer 1,460 1,460 June 30 710 13,440 14,150 (21) Post Ref. Accounts Payable Cr Landscaping Supplies Dr. Other Accounts Dr. Post Ref. Date Account Credited 2011 June 3 Home Centers Lumber Co. 9,390 8,390 June 7 Concrete Equipment Co. 10,790 Equipment 18 June 14 Nu Lawn Fertilizer 1,460 1,460 June 24 Augusta Sod Co. 10,380 10,380 June 29 Home Centers Lumber Co. 13,570 13,570 June 30 44,590 33,800 (21) Prepare a schedule of the accounts payable creditor balances. If an amount is zero, enter to”. Magnolia Landscaping Accounts Payable Creditor Balances June 30, 2011 Augusta Sod Co. Concrete Equipment Co. Home Centers Lumber Co. Nu Lawn Fertilizer Total accounts payable After you prepare the schedule of the accounts payable creditor balances, determine that the total agrees with the ending balance of the accounts payable controlling account. Magnolia 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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