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Happy Tails Inc has a September 1 20Y4 accounts payable balance of 620 which consists of 320 due Labradore Inc and 300 due Meow Mart Inc Transactions related to purchases and cash payments

Happy Tails Inc. has a September 1, 20Y4, accounts payable balance of $620, which consists of $320 due Labradore Inc. and $300 due Meow Mart Inc. Transactions related to purchases and cash payments completed by Happy Tails Inc. during the month of September 20Y4 are as follows:

Sept. 4.   Purchased pet supplies from Best Friend Supplies Inc. on account, $295.
6.   Issued Check No. 345 to Labradore Inc. in payment of account, $320.
13.   Purchased pet supplies from Poodle Pals Inc. on account, $790.
18.   Issued Check No. 346 to Meow Mart Inc. in payment of account, $300.
19.   Purchased office equipment from Office Helper Inc. on account, $2,510.
23.   Issued Check No. 347 to Best Friend Supplies Inc. in payment of account from purchase made on September 4.
27.   Purchased pet supplies from Meow Mart Inc. on account, $450.
30.   Issued Check No. 348 to Jennings Inc. for cleaning expenses, $80.

Prepare a purchases journal and a cash payments journal to record these transactions. The forms of the journals are similar to those used in the text. Place a check mark (✓) in the Post. Ref. column to indicate when the accounts payable subsidiary ledger should be posted. Happy Tails Inc. uses the following accounts:

 

Apr 12 2021 View more View Less

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