Question

Posting transactions from a purchases journal to a subsidiary ledger and general ledger

Review your results from Short Exercise SB-8.

Requirements

1. Total each column of the purchases journal.

2. Open the following four-column accounts in the accounts payable subsidiaryledger: Accounts Payable—Bird Co.; Accounts Payable—Mayer Co.; AccountsPayable—Silly Co. Post the transactions to the accounts payable subsidiaryledger.

3. Open the following selected four-column accounts in the general ledger:Merchandise Inventory (115); Office Supplies (116); Furniture (151); AccountsPayable (211). Post the total of each column to the general ledger. Also, post theOther Accounts column to the general ledger.

4. Balance the total of the vendor ending balances in the accounts payable subsidiaryledger against Accounts Payable in the general ledger.

Short answer

Total of Accounts payable:$3,700

Total of Merchandise Inventory:$2,200

Total of Office Supplies:$600

Total of Furniture:$900

Step-by-step solution

Total of Purchase Journal

Purchase Journal Page 6
	Other Accounts DR
Date	Vendor Account Credited	Terms	Post. Ref.	Accounts Payable CR	Merchandise Inventory DR	Office Supplies DR	Account Title	Post. Ref.	Amount
Oct 1	Mayer Co.	4/10, n/30		$2,200	$2,200
11	Bird Co.	n/EOM		$600		$600
24	Silly Co.	3/10, n/60		$900			Furniture		$900
Oct 31	Total			$3,700	$2,200	$600			$900

Accounts Payable Subsidiary Ledger

Mayer Co.
	Balance
Date	Post. Ref.	Debit	Credit	Debit	Credit
Oct 1			$2,200		$2,200

Bird Co.
	Balance
Date	Post. Ref.	Debit	Credit	Debit	Credit
Oct 11			$600		$600

Silly Co.
	Balance
Date	Post. Ref.	Debit	Credit	Debit	Credit
Oct 24			$900		$900

General Ledgers

Merchandise Inventory No. 115
	Balance
Date	Post. Ref.	Debit	Credit	Debit	Credit
Oct 31		$2,200		$2,200

Office Supplies No. 116
	Balance
Date	Post. Ref.	Debit	Credit	Debit	Credit
Oct 31		$600		$600

Furniture No. 151
	Balance
Date	Post. Ref.	Debit	Credit	Debit	Credit
Oct 24		$900		$900

Accounts Payable No. 211
	Balance
Date	Post. Ref.	Debit	Credit	Debit	Credit
Oct 31			$3,700		$3,700

Balance of Accounts Payable Subsidiary Ledger

Accounts Payable Subsidiary Ledger
Ledger Name	Amount
Mayer Co.	$2,200
Bird Co.	600
Silly Co.	900
Total	$3,700