02 Jul Accounting help PR 5-3A
Question Description
Please use the attached spreadsheet to complete this. Thanks
PR 5-3A Purchases, accounts payable subsidiary account, and accounts payable OBJ. 2, 4 ledger Sterling Forest Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in the actual landscaping. Purchases on account completed by Sterling Forest Landscaping dur- ing October are as follows: Oct. 2. Purchased office supplies on account from Meade Co., $400. 5. Purchased office equipment on account from Peach Computers Co., $3,980. 9. Purchased office supplies on account from Executive Office Supply Co., $320. 13. Purchased field supplies on account from Yamura Co., $1,420. 14. Purchased field supplies on account from Omni Co., $2,940. 17. Purchased field supplies on account from Yamura Co., $1,890. 24. Purchased field supplies on account from Omni Co., $3,880. 29. Purchased office supplies on account from Executive Office Supply Co., $310. 31. Purchased field supplies on account from Omni Co., $1,800. Instructions 1. Insert the following balances in the general ledger as of October 1: Apr. 30. Received cash from fees earned, $12,890. Post revenue and collections to the accounts receivable subsidiary ledger. Instructions
1. Insert the following balances in the general ledger as of April 1: 11 Cash 12 Accounts Receivable 14 Notes Receivable 41 Fees Earned $11,350 14,830 6,000 — 14 Field Supplies 15 Office Supplies 18 Office Equipment 21 Accounts Payable $ 5,920 750 12,300 1,170
2. Insert the following balances in the accounts payable subsidiary ledger as of October 1: Executive Office Supply Co. $390 Meade Co. 780 Omni Co. — Peach Computers Co. — Yamura Co. —
3. Journalize the transactions for October, using a purchases journal (p. 30) similar to the one illustrated in this chapter. Prepare the purchases journal with columns for Accounts Payable, Field Supplies, Office Supplies, and Other Accounts. Post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry.
4. Post the purchases journal to the accounts in the general ledger.
5. a. What is the sum of the creditor balances in the subsidiary ledger at October 31? b. What is the balance of the accounts payable controlling account at October 31?
6. What type of e-commerce application would be used to plan and coordinate transactions with suppliers?
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Wridemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.