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Wendy Johnson 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., $1,050; Hack Co., $1,400; Soil Co., $850; Xydias Co., $1,000; Cash, $20,000; Accounts Payable, $4,300. Use the periodic method. 201X May 1 Paid half the amount owed Hack Co. from previous purchases of computers on account, less a 7% purchases discount, check no. 21. 3 Bought a delivery truck for $7,500 cash, check no. 22, payable to Bill Brown Co. 6 Bought computer merchandise from Lectro Co., check no. 23, $2,700. 18 Bought additional computer merchandise from Pink Co., check no. 24, $600. 24 Paid Xydias Co. the amount owed, less a 7% purchases discount, check no. 25. 28 Paid rent expense to Queen s Realty Trust, check no. 26, $1,600. 29 Paid utilities expense to Stone Utility Co., check no. 27, $360. 30 Paid half the amount owed to Soil Co., no discount, check no. 28.
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