Question

Accounts Payable Subsidiary Ledger

The cash payments and purchases journal for Outdoor Artisan Landscaping follow. The accounts payable control account has a June 1, 20Y1, balance of $4,810, consisting of an amount owed to Augusta Sod Co.

CASH PAYMENTS JOURNAL								Page 31
Date	Ck. No.	Account Debited	Post Ref.	Other Accounts Dr.		Accounts Payable Dr.		Cash Cr.
20Y1
June 4	203	Augusta Sod Co.	√			4,810		4,810
5	204	Utilities Expense	54	630				630
15	205	Home Centers Lumber Co.	√			7,890		7,890
24	206	Nu Lawn Fertilizer	√			1,390		1,390
30				630		14,090		14,720
				(√)		(21)		(11)

PURCHASES JOURNAL										Page 22
Date	Account Credited	Post Ref.	Accounts Payable Cr.			Landscaping Supplies Dr.		Other Accounts Dr.	Post Ref.	Amount
20Y1
June 3	Home Centers Lumber Co.	√	7,890			7,890
7	Concrete Equipment Co.	√	3,660					Equipment	18	3,660
14	Nu Lawn Fertilizer	√	1,390			1,390
24	Augusta Sod Co.	√	9,670			9,670
29	Home Centers Lumber Co.	√	4,910			4,910
30			27,520			23,860				3,660
			(21)			(14)				(√)

Prepare a schedule of the accounts payable creditor balances. If an amount is zero, enter "0".

Outdoor Artisan Landscaping
Accounts Payable Creditor Balances
June 30, 20Y1
Augusta Sod Co.	$
Concrete Equipment Co.
Home Centers Lumber Co.
Nu Lawn Fertilizer
Total accounts payable	$

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.

Outdoor Artisan Landscaping
Accounts Payable
(Controlling)
Balance, June 1, 20Y1	$
Total credits (from purchases journal)
Total debits (from cash payments journal)
Balance, June 30, 20Y1	$

Answer 1

Solution Outdoor Artisan Landscaping Accounts Payable Creditor Balances June 30, 2011 Augusta Sod co. $ 9670 Concrete Couipment Co. $3660 Home Centers Lumber Co. $ 4910 Nu Lawn Fertilizer Total Accounts Payable $18240

Accounts Payable (controlling) Balance as on June 1, 2 011 1 $ 4810 Total Gredit Journal from Purchase $ 27520 - Total debit from cash Payment ($14090) 2 Journal Balance as on June 30, 2011 $.18.240