Posting to the accounts payable ledger and preparing a schedule of accounts payable.
This problem is a continuation of Problem 8.1A.
INSTRUCTIONS
1. Set up an accounts payable subsidiary ledger for Digital World. Open an account for each of the creditors listed below and enter the balances as of June 1, 2016. Arrange the accounts payable ledger in alphabetical order.
2. Post the individual entries from the purchases journal and the general journal prepared in Problem 8.1A.
3. Prepare a schedule of accounts payable for June 30.
4. Check the total of the schedule of accounts payable against the balance of the Accounts Payable account in the general ledger. The two amounts should be equal.
Analyze: What amount is owed to Nano Glass on June 30?
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