what type of e commerce application would be used to plan and coordinate suppliers 551382 | Homework Solutions

PR 5-3A Purchases, accounts payable account, and accounts payable ledger

English Garden Landscaping designs and installs landscaping. The landscape designers and office staff use office supplies, while field supplies (rock, bark, etc.) are used in the actual landscaping. Purchases on account completed by English Garden Landscaping during January 2012 are as follows:

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Jan. 2.

Purchased office supplies on account from Meade Co., $350.

5.

Purchased office equipment on account from Peach Computers Co., $3,150.

9.

Purchased office supplies on account from Executive Office Supply Co., $290.

13.

Purchased fi eld supplies on account from Yamura Co., $1,140.

14.

Purchased fi eld supplies on account from Naples Co., $2,680.

17.

Purchased fi eld supplies on account from Yamura Co., $1,050.

24.

Purchased fi eld supplies on account from Naples Co., $3,240.

29.

Purchased office supplies on account from Executive Office Supply Co., $260.

31.

Purchased fi eld supplies on account from Naples Co., $1,000.

Instructions

1. Insert the following balances in the general ledger as of January 1:

14

Field Supplies

$ 5,920

15

Office Supplies

750

18

Office Equipment

12,300

21

Accounts Payable

1,035

2. Insert the following balances in the accounts payable subsidiary ledger as of January 1:

Executive Office Supply Co.

$340

Meade Co.

695

Naples Co.

—

Peach Computers Co.

—

Yamura Co.

—

3. Journalize the transactions for January, using a purchases journal similar to the one illustrated in this chapter. Prepare the purchases journal with columns for Accounts Payable, Field Supplies, Office Supplies, and Other Accounts. Post to the creditor accounts in the accounts payable subsidiary ledger immediately after each entry.

4. Post the purchases journal to the accounts in the general ledger.

5. a. What is the sum of the balances in the subsidiary ledger at January 31?

b. What is the balance of the controlling account at January 31?

6. What type of e-commerce application would be used to plan and coordinate suppliers?

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