The April transactions of Moore Company are described in Problem 7-1A. Required...

The April transactions of Moore Company are described in Problem 7-1A.

Required

1. Prepare a general journal, a purchases journal like that in Exhibit 7.9, and a cash disbursements journal

like that in Exhibit 7.11. Number all journal pages as page 3. Review the April transactions of

Moore Company and enter those transactions that should be journalized in the general journal, the

purchases journal, or the cash disbursements journal. Ignore any transactions that should be journalized

in a sales journal or cash receipts journal.

2. Open the following general ledger accounts: Cash, Inventory, Office Supplies, Store Supplies, Store

Equipment, Accounts Payable, Long-Term Notes Payable, Sales Salaries Expense, and Advertising

Expense. Enter the March 31 balances of Cash ($85,000), Inventory ($152,000), Long-Term Notes

Payable ($137,000), and B. Moore, Capital ($100,000). Also open accounts payable subsidiary ledger

accounts for Hafman Supply, Newt Company, Dann Company, and Cray, Inc.

3. Verify that amounts that should be posted as individual amounts from the journals have been posted.

(Such items are immediately posted.) Foot and crossfoot the journals and make the month-end postings.

4. Prepare a trial balance of the general ledger and a schedule of accounts payable.