Mar. 1. Issued Check No. 57 to Liquid Klean Supplies Inc. in payment of account, $325.
3. Purchased cleaning supplies on account from Sani-Fresh Products Inc., $190.
8. Issued Check No. 58 to purchase equipment from Carson Equipment Sales, $2,850.
12. Purchased cleaning supplies on account from Porter Products Inc., $320.
15. Issued Check No. 59 to Bowman Laundry Service in payment of account, $150.
18. Purchased supplies on account from Liquid Klean Supplies Inc., $245.
20. Purchased laundry services from Bowman Laundry Service on account, $130.
26. Issued Check No. 60 to Sani-Fresh Products Inc. in payment of March 3 invoice.
31. Issued Check No. 61 in payment of salaries, $5,900.
Prepare a purchases journal and a cash payments journal to record these transactions. The forms of the journals are similar to those illustrated in the text. Place a check mark () in the Post. Ref. column to indicate when the accounts payable subsidiary ledger should be posted. Green Kleen Cleaning Services Inc. uses the following accounts:
Cash 11
Cleaning Supplies 14
Equipment 18
Accounts Payable 21
Salary Expense 51
Laundry Service Expense 53
Answer:
PURCHASES JOURNAL Page 36
Date Account Credited
Post.
Ref.
Accounts
Payable
Cr.
Cleaning
Supplies
Dr.
Other
Accounts
Dr.
Post.
Ref. Amount
2014
Mar. 3 Sani-Fresh Products Inc. √ 190 190
12 Porter Products Inc. √ 320 320
18 Liquid Klean Supplies Inc. √ 245 245
20 Bowman Laundry Service √ 130 Laundry Service Expense 53 130
31 885 755 130
(21) (14)
CASH PAYMENTS JOURNAL Page 41
Date
Ck.
No. Account Debited
Post.
Ref.
Other
Accounts
Dr.
Accounts
Payable
Dr.
Cash
Cr.
2014
Mar. 1 57 Liquid Klean Supplies Inc. √ 325 325
8 58 Equipment 18 2,850 2,850
15 59 Bowman Laundry Service √ 150 150
26 60 Sani-Fresh Products Inc. √ 190 190
31 61 Salary Expense 51 5,900 5,900
31 8,750 665 9,415