Question

1. The purchases journal for J. K. Insurance for the month of October is represented below. Accounts Payable is account number 202 and Purchases is account number 501.

   PURCHASES JOURNAL				Page 5
   Date	Invoice No.	From Whom Purchased	Post Ref.	Purchases Debit/ Accounts Payable Credit
   Oct. 2	3118	Express Florist	√	3,550.00
   4	3119	T. C. S. Supplies	√	2,790.00
   8	3120	Auto Body Repair	√	3,850.00
   9	3121	Signs Unlimited	√	4,150.00
   10	3122	Dynasty Limo	√	2,380.00
   15	3123	T. C. S. Supplies	√	2,150.00
   				18,870.00

   
   Required:

   1. Post the information in the purchases journal to the appropriate general ledger and accounts payable ledger accounts.

   GENERAL LEDGER
   ACCOUNT	Accounts Payable				ACCOUNT NO.	202
   					BALANCE
   DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
   Oct. 2 Oct. 4 Oct. 8 Oct. 9 Oct. 10 Oct. 15 Oct. 31		P5

   ACCOUNT	Purchases				ACCOUNT NO.	501
   					BALANCE
   DATE	ITEM	POST. REF.	DEBIT	CREDIT	DEBIT	CREDIT
   Oct. 2 Oct. 4 Oct. 8 Oct. 9 Oct. 10 Oct. 15 Oct. 31		P5

   ACCOUNTS PAYABLE LEDGER
   ACCOUNT	Auto Body Repair
   DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
   Oct. 2 Oct. 4 Oct. 8 Oct. 9 Oct. 10 Oct. 15 Oct. 31		P5

   ACCOUNT	Dynasty Limo
   DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
   Oct. 2 Oct. 4 Oct. 8 Oct. 9 Oct. 10 Oct. 15 Oct. 31		P5

   ACCOUNT	Express Florist
   DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
   Oct. 2 Oct. 4 Oct. 8 Oct. 9 Oct. 10 Oct. 15 Oct. 31		P5

   ACCOUNT	Signs Unlimited
   DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
   Oct. 2 Oct. 4 Oct. 8 Oct. 9 Oct. 10 Oct. 15 Oct. 31		P5

   ACCOUNT	T. C. S. Supplies
   DATE	ITEM	POST. REF.	DEBIT	CREDIT	BALANCE
   Oct. 2 Oct. 4 Oct. 8 Oct. 9 Oct. 10 Oct. 15 Oct. 31		P5
   Oct. 2 Oct. 4 Oct. 8 Oct. 9 Oct. 10 Oct. 15 Oct. 31		P5

   Prepare a schedule of accounts payable.

   Schedule of Accounts Payable
   Auto Body Repair	$
   Dynasty Limo
   Express Florist
   Signs Unlimited
   T. C. S. Supplies

Answer 1

GENERAL LEDGER
Account	Accounts Payable				Account No.	202
					Balance
Date	Item	Post Ref	Debit	Credit	Debit	Credit
Oct. 2	Invoice No. 3118			3,550		3,550
Oct. 4	Invoice No. 3119			2,790		6,340
Oct. 8	Invoice No. 3120			3,850		10,190
Oct. 9	Invoice No. 3121			4,150		14,340
Oct. 10	Invoice No. 3122			2,380		16,720
Oct. 15	Invoice No. 3123			2,150		18,870
Oct. 31						18,870
Account	Purchases				Account No.	501
					Balance
Date	Item	Post Ref	Debit	Credit	Debit	Credit
Oct. 2	Invoice No. 3118		3,550		3,550
Oct. 4	Invoice No. 3119		2,790		6,340
Oct. 8	Invoice No. 3120		3,850		10,190
Oct. 9	Invoice No. 3121		4,150		14,340
Oct. 10	Invoice No. 3122		2,380		16,720
Oct. 15	Invoice No. 3123		2,150		18,870
Oct. 31					18,870

ACCOUNTS PAYABLE LEDGER
Account	Auto Body Repair
Date	Item	Post Ref	Debit	Credit	Balance
Oct. 8	Invoice No. 3120			3,850	3,850
Account	Dynasty Limo
Date	Item	Post Ref	Debit	Credit	Balance
Oct. 10	Invoice No. 3122			2,380	2,380
Account	Express Florist
Date	Item	Post Ref	Debit	Credit	Balance
Oct. 2	Invoice No. 3118			3,550	3,550
Account	Signs Unlimited
Date	Item	Post Ref	Debit	Credit	Balance
Oct. 9	Invoice No. 3121			4,150	4,150
Account	T.C.S Supplies
Date	Item	Post Ref	Debit	Credit	Balance
Oct. 4	Invoice No. 3119			2,790	2,790
Oct. 15	Invoice No. 3123			2,150	4,940

Schedule of Accounts Payable
Auto Body Repair	$       3,850
Dynasty Limo	$       2,380
Express Florist	$       3,550
Signs Unlimited	$       4,150
T.C.S Supplies	$       4,940
Total	$     18,870