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Wendy Ellis operates a wholesale computer center and has hired you as her bookkeeper to...

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Accounting

Wendy Ellis operates a wholesale computer center and has hired you as her bookkeeper to record

the following transactions. She would like you to:

a. journalize the following transactions,

b. record to the accounts payable subsidiary ledger and post to the general ledger as appropriate, and

c. prepare a schedule of accounts payable. If using working papers, be sure to put in the following

beginning balances: Andrews Co. $1,350; Hitch Co. $1,200; Seakate Co. $700; Zeke Co. $1,400;

Cash $17,000; Accounts Payable $4,650.

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Oct. 201X Paid half the amount owed Hitch Co. from previous purchases of appliances on account, less a 5% purchases discount, check no. 21. 3 Bought a delivery truck for $6,500 cash, check no. 22, payable to Bob Singer Co. Bought computer merchandise from Lossy Co., check no. 23, $3,100. Bought additional computer merchandise from Proton Co., check no. 24, $650. 18 Paid Zeke Co. the amount owed, less a 5% purchases discount, check no. 25. 24 Paid rent expense to King's Realty Trust, check no. 26, $2,400. 28 Paid utilities expense to Gravel Utility Co., check no. 27, $280. 29 Paid half the amount owed Seakate Co., no discount, check no. 28. 30

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