- Question 3 Accounting Systems Special Journals Subsidiary Ledgers 14 The Purchases Cash Payments Journals Of Novak 1 (57.51 KiB) Viewed 38 times
Question 3 Accounting systems, special journals & subsidiary ledgers (14 The Purchases & Cash Payments journals of Novak's Hardware for the month of presented below. The Accounts Payable Subsidiary ledger is reconciled with the General Ledger Time left 0:29:12 Control account each month. On 1st June, the Subsidiary ledger had the following five accounts all with opening Credit (Cr.) balances: Yani $13,500, Jane $22,500, Pam $31,500, Ronald $45,000, Ceilia $40,500, and the total of these accounts of $153,000 is the opening Credit balance of the General Ledger Accounts Payable Control Account. (Ignore GST) Purchases Journal Date Account Accounts Payable Purchases June 4 Yani June 8 Jane June 9 Pam June 12 Ronald June 24 Ceilia Totals Cash Payments Journal Date June 6 June 15 June 26 June 29 Account Yani Jane Pam Ronald Totals 32,000 32,000 41,000 41,000 36,500 36,500 45,500 45,500 41,000 41,000 196,000 196,000 Cash at Bank Accounts Payable 23,000 32,000 41,000 50,000 146,000 23,000 32,000 41,000 50,000 146,000