The purchases journal for Newmark Exterior Cleaners Inc. follows. The accounts payable account has a March 1, 20Y2, balance of $520 for an amount owed to Nicely Co. No payments were made on creditor invoices during March. Purchases Journal Page 16
Date Account Post. Accts. Cleaning Other Post. Amount
Credited Ref. Payable Supplies Accounts Ref.
Cr. Dr. Dr.
20Y2
Mar. 4 Enviro-Wash
Supplies Inc. 595 595
Mar. 15 Nicely Co. 260 260
Mar. 20 Office Mate Inc. 2,810 Office Equipment 2,810
Mar. 26 Enviro-Wash
Supplies Inc. 340 340
Mar. 31 4,005 1,195 2,810
1. Post the transactions from the purchases journal to the creditor accounts and determine their ending balances.
2. Prepare T accounts for the accounts payable control and cleaning supplies accounts. Post control totals to the two accounts, and determine their ending balances.
3. Prepare a schedule of the creditor account balances to verify the equality of the sum of the accounts payable creditor balances and the accounts payable controlling account balance.
Newmark Exterior Cleaners Inc.
Accounts Payable Creditor Balances
March 31, 20Y2
Enviro-Wash Supplies Inc. $
Nicely Co.
Office Mate Inc.
Total supplier account balances $