EX 5-16 Accounts payable subsidiary ledger

The cash payments and purchases journals for Out of Eden Landscaping Co. are shown below. The accounts payable control account has an April 1, 2014, balance of $1,990, consisting of an amount owed to Augusta Sod Co.



Cash Payments Journal Page 31
Date
Ck.
No. Account Debited
Post.
Ref.
Other
Accounts
Dr.
Accounts
Payable
Dr.
Cash
Cr.
2014
Apr. 4 203 Augusta Sod Co.  1,990 1,990
 5 204 Utilities Expense 54 410 410
 15 205 Home Centers Lumber Co.  4,650 4,650
 24 206 Schott’s Fertilizer  770 770
30 410 7,410 7,820
() (21) (11)
Purchases Journal Page 22
Date Account Credited
Post.
Ref.
Accounts
Payable
Cr.
Landscaping
Supplies
Dr.
Other
Accounts
Dr.
Post.
Ref. Amount
2014
Apr. 3 Home Centers Lumber Co.  4,650 4,650
7 Concrete Equipment Co.  4,550 Equipment 18 4,550
14 Schott’s Fertilizer  770 770
24 Augusta Sod Co.  6,010 6,010
29 Home Centers Lumber Co.  7,810 7,810
30 23,790 19,240 4,550
(21) (14)

Prepare a schedule of the accounts payable creditor balances, and determine that the total agrees with the ending balance of the accounts payable controlling account.


Answer:

OUT OF EDEN LANDSCAPING CO.
Accounts Payable Creditor Balances
April 30, 2014
Augusta Sod Co. $ 6,010
Concrete Equipment Co. 4,550
Home Centers Lumber Co. 7,810
Schott’s Fertilizer 0
Total accounts payable $18,370
Accounts Payable
(Controlling)
Balance, April 1, 2014 $ 1,990
Total credits (from purchases journal) 23,790
Total debits (from cash payments journal) (7,410)
Balance, April 30, 2014 $18,370