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Purchases, Accounts Payable Subsidiary Account, and Accounts Payable Ledger

English Garden 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 English Garden Landscaping during January 2014 are as follows:

Jan. 2.		Purchased office supplies on account from Meade Co., $6,160.
5.		Purchased office equipment on account from Peach Computers Co., $8,860.
9.		Purchased office supplies on account from Executive Office Supply Co., $640.
13.		Purchased field supplies on account from Yamura Co., $7,010.
14.		Purchased field supplies on account from Naples Co., $920.
17.		Purchased field supplies on account from Yamura Co., $16,690.
24.		Purchased field supplies on account from Naples Co., $4,700.
29.		Purchased office supplies on account from Executive Office Supply Co., $420.
31.		Purchased field supplies on account from Naples Co., $6,160.

Note: Posting references have been provided.

Required:

1. Insert the following balances in the general ledger as of January 1:

14	Field Supplies	$12,560
15	Office Supplies	2,880
18	Office Equipment	42,340
21	Accounts Payable	10,770

After completing the recording of transactions in part 3, post the purchases journal to the accounts in the general ledger. If an amount box does not require an entry, leave it blank.

GENERAL LEDGER
					Balance
Date	Item	Post. Ref.	Debit	Credit	Dr	Cr
Account: Field Supplies #14
2014
Jan. 1	Balance
SelectJan. 27Jan. 28Jan. 30Jan. 31Item 5		P30
Account: Office Supplies #15
2014
Jan. 1	Balance
SelectJan. 27Jan. 28Jan. 30Jan. 31Item 14		P30
Account: Office Equipment #18
2014
Jan. 1	Balance
SelectJan. 5Jan. 8Jan. 10Jan. 11Item 23		P30
Account: Accounts Payable #21
2014
Jan. 1	Balance
SelectJan. 27Jan. 28Jan. 30Jan. 31Item 32		P30

2. Insert the following balances in the accounts payable subsidiary ledger as of January 1:

Executive Office Supply Co.	$3,550
Meade Co.	7,220
Naples Co.	-
Peach Computers Co.	-
Yamura Co.	-

After completing the recording of transactions in part 3, post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry. If an amount box does not require an entry, leave it blank.

ACCOUNTS PAYABLE SUBSIDIARY LEDGER
Date	Item	Post. Ref.	Debit	Credit	Balance
Account: Executive Office Supply Co.
2014
Jan. 1	Balance
SelectJan. 7Jan. 8Jan. 9Jan. 11Item 40		P30
SelectJan. 27Jan. 29Jan. 30Jan. 31Item 44		P30
Account: Meade Co.
2014
Jan. 1	Balance
SelectJan. 2Jan. 3Jan. 5Jan. 7Item 51		P30
Account: Naples Co.
2014
SelectJan. 1Jan. 3Jan. 14Jan. 30Item 55		P30
SelectJan. 24Jan. 27Jan. 30Jan. 31Item 59		P30
SelectJan. 27Jan. 28Jan. 30Jan. 31Item 63		P30
Account: Peach Computers Co.
2014
SelectJan. 5Jan. 8Jan. 10Jan. 11Item 67		P30
Account: Yamura Co.
2014
SelectJan. 13Jan. 15Jan. 20Jan. 21Item 71		P30
SelectJan. 17Jan. 18Jan. 20Jan. 21Item 75		P30

3. Journalize the transactions for January (in chronological order), using the purchases journal below (p. 30) similar to the one illustrated in this chapter. Post to the creditor accounts in the accounts payable subsidiary ledger (in part 2) immediately after each entry.

4. Post the purchases journal to the accounts in the general ledger (in part 1). If an amount box does not require an entry, leave it blank.

If no other account is needed in the "Other Accounts Dr." column select "No entry required".

PURCHASES JOURNAL									PAGE 30
Date	Account Credited	Post. Ref.	Accounts Payable Cr.	Field Supplies Dr.	Office Supplies Dr.	Other Accounts Dr.	Post. Ref.	Amount
2014
Jan. 2	SelectExecutive Office Supply Co.Meade Co.Naples Co.Peach Computers Co.Yamura Co.Item 79					SelectNo Entry RequiredCashOffice EquipmentOffice Supplies ExpenseItem 83
Jan. 5	SelectExecutive Office Supply Co.Meade Co.Naples Co.Peach Computers Co.Yamura Co.Item 85					SelectNo Entry RequiredCashOffice EquipmentOffice Supplies ExpenseItem 89
Jan. 9	SelectExecutive Office Supply Co.Meade Co.Naples Co.Peach Computers Co.Yamura Co.Item 91					SelectNo Entry RequiredCashOffice EquipmentOffice Supplies ExpenseItem 95
Jan. 13	SelectExecutive Office Supply Co.Meade Co.Naples Co.Peach Computers Co.Yamura Co.Item 97					SelectNo Entry RequiredCashOffice EquipmentOffice Supplies ExpenseItem 101
Jan. 14	SelectExecutive Office Supply Co.Meade Co.Naples Co.Peach Computers Co.Yamura Co.Item 103					SelectNo Entry RequiredCashOffice EquipmentOffice Supplies ExpenseItem 107
Jan. 17	SelectExecutive Office Supply Co.Meade Co.Naples Co.Peach Computers Co.Yamura Co.Item 109					SelectNo Entry RequiredCashOffice EquipmentOffice Supplies ExpenseItem 113
Jan. 24	SelectExecutive Office Supply Co.Meade Co.Naples Co.Peach Computers Co.Yamura Co.Item 115					SelectNo Entry RequiredCashOffice EquipmentOffice Supplies ExpenseItem 119
Jan. 29	SelectExecutive Office Supply Co.Meade Co.Naples Co.Peach Computers Co.Yamura Co.Item 121					SelectNo Entry RequiredCashOffice EquipmentOffice Supplies ExpenseItem 125
Jan. 31	SelectExecutive Office Supply Co.Meade Co.Naples Co.Peach Computers Co.Yamura Co.Item 127					SelectNo Entry RequiredCashOffice EquipmentOffice Supplies ExpenseItem 131
Jan. 31

5a. What is the sum of the creditor balances in the subsidiary ledger at January 31? $

5b. What is the balance of the account payable controlling account at January 31? $

6. What type of e-commerce application would be used to plan and coordinate transactions with suppliers? Selectcustomer relationship managementsupply chain managementItem 139

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