January 9 Bailey Company
Credit Purchases
$ 14,000
January 18 Johnson Brothers
6,600
January 22 Preston Company
6,200
Cash Paid
January 19 Bailey Company
$ 10,100
January 27 Johnson Brothers
6,600
January 31 Preston Company
5,400
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.
ACCOUNTS PAYABLE LEDGER
Date
Bailey Company
Debit
Credit
Balance
Johnson Brothers
Date
Debit
Credit
Balance
Preston Company
Date
Debit
Credit
Balance
GENERAL LEDGER
Accounts Payable
Date
Debit
Credit
Balance