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Wendy Drew operates a wholesale computer center and has hired you as her bookkeeper to record the following transactions She would like you to journalize the following transactions

Wendy Drew operates a wholesale computer center and has hired you as her bookkeeper to record the following transactions. She would like you to (1) journalize the following transactions, (2) record to the accounts payable subsidiary ledger and post to the general ledger as appropriate, and (3) prepare a schedule of accounts payable. If using working papers, be sure to put in the following beginning balances: Andersen Co., $1,200; Henderson Co., $400; Squash Co., $900; Xhosa Co., $1,300; Cash, $22,000; Accounts Payable, $3,800. Use the periodic method. 201X March 1 Paid half the amount owed Henderson Co. from previous purchases of computers on account, less a 7% purchases discount, check no. 21. 3 Bought a delivery truck for $8,000 cash, check no. 22, payable to Bill Singer Co. 6 Bought computer merchandise from Lossless Co., check no. 23, $2,500. 18 Bought additional computer merchandise from Paced Co., check no. 24, $750. 24 Paid Xhosa Co. the amount owed, less a 7% purchases discount, check no. 25. 28 Paid rent expense to Viscount s Realty Trust, check no. 26, $2,200. 29 Paid utilities expense to Granite Utility Co., check no. 27, $280. 30 Paid half the amount owed Squash Co., no discount, check no. 28.

Apr 07 2020 View more View Less

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