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FromTheMoon [43]
4 years ago
11

Following is information from Jesper Company for its initial month of business. Credit Purchases Cash Paid Jan. 9 Bailey Company

$ 18,000 Jan.19 Bailey Company $ 12,100 18 Johnson Brothers 8,600 27 Johnson Brothers 8,600 22 Preston Company 10,200 31 Preston Company 7,400 1. Post the above transactions in the accounts payable subsidiary ledger. 2. Post the accounts payable balance in the general ledger at month's end.
Business
1 answer:
Feliz [49]4 years ago
5 0

Answer:

1. Bailey Company has a credit balance of $5,900, Johnson Brothers has zero balance, while Preston Company has a credit balance of $2,800.

2. The total payables at the end of the month is $8,700 credit balance.

Explanation:

See the attached for the postings of 1 and 2.

Download xlsx
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