Solution-Prepare a t account for the accounts payable

Prepare a t account for the accounts payable creditor

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1. The purchases journal for See-Thru Window Cleaners Inc. is shown below. The accounts payable control account has a January 1, 2010, balance of $295 of an amount due from Lawson Co. There were no payments made on creditor invoices during January.

a. Prepare a T account for the accounts payable creditor accounts.

b. Post the transactions from the purchases journal to the creditor accounts, and determine their ending balances.

c. Prepare T accounts for the accounts payable control and cleaning supplies accounts. Post control totals to the two accounts, and determine their ending balances.

d. Verify the equality of the sum of the creditor account balances and the accounts payable control accountbalance.

Reference no: EM131122402

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Prepare a t account for the accounts payable creditor

Reference no: EM131122402

Reference no: EM131122402

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