Patterson Appliance uses a three column purchases

journal The company is

Patterson Appliance uses a three-column purchases journal. The company is located in Fresno,
California. In addition to a general ledger, Patterson Appliance also uses an accounts payable
ledger. Transactions for January related to the purchase of merchandise are as follows: Jan. 2
Bought eighty 12-inch, 3-speed Brighton Oscillating Fans from Snyder and Jordan, $ 1,890,
invoice no. 268J, dated January 2; terms net 60 days; FOB Fresno. 4 Bought ten 35-pint-
capacity Crystal Humidifiers from Simpson Company, $ 2,300, invoice no. 39426, dated January
2; terms 2/10, n/30; FOB Durango, freight prepaid and added to the invoice, $ 90 ( total $
2,390). 7 Bought ten 16-inch Axel Window Fans from Tran, Inc., $ 360, invoice no. 452AD,
dated January 6; terms 1/10, n/30; FOB Fresno. 10 Bought twenty-four 4-blade Tiempo Ceiling
Fans, Model 2760, from Ukele Company, $ 3,550, invoice no. D7742, dated January 7; terms
2/10, n/30; FOB Sacramento, freight prepaid and added to the invoice, $ 84 (total $ 3,634). 14
Bought four Charger Electric Hedge Trimmers from Fernandez Products Company, $ 186,
invoice no. 2542, dated January 13; terms net 30 days; FOB Fresno. 22 Bought 40 Lindon
Electric Bug Killers from Snyder and Jordan, $ 2,265, invoice no. 392J, dated January 22; terms
net 60 days; FOB Fresno. 28 Bought ten Charger Electric Blowers from Fernandez Products
Company, $ 830, invoice no. 2691, dated January 27; terms net 30 days; FOB Fresno. 30
Bought ten Kole Powered Attic Ventilators from Porter Company, $ 446, invoice no. 664CC,
dated January 27; terms 2/10, n/30; FOB Seattle, freight prepaid and added to the invoice, $ 48
( total $ 494). Required 1. Open the following accounts in the accounts payable ledger and
record the January 1 balances, if any, as given: Fernandez Products Company; Porter
Company, $ 163.17; Simpson Company, $ 167.19; Snyder and Jordan; Tran, Inc., $ 228.70;
Ukele Company. For the accounts having balances, write Balance in the Item column and place
a check mark in the Post. Ref. column. 2. Record the balance of $ 559.06 in the Accounts
Payable 212 controlling account as of January 1. Write Balance in the Item column and place a
check mark in the Post. Ref. column. 3. Record the transactions in the purchases journal
beginning on page 81. 4. Post to the accounts payable ledger daily. 5. Post to the general
ledger at the end of the month. 6. Prepare a schedule of accounts payable and compare the
balance of the Accounts Payable controlling account with the total of the schedule of accounts
payable.View Solution: Patterson Appliance uses a three column purchases journal The
company is
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