1. An organization purchases the supplies as explained below. The vendor invoices the organization at a later date, and the organization makes payment via a check. Prepare the t-accounts to illustrate the impact of these purchases on the general ledger. a. Purchase office supplies for $2,500 from Vender Z b. Purchase office supplies for $1,200 from Vendor Y Accounts Payable Sub-Ledger Accounts Vendor 1 Vendor 2 Accounts Payable Reconciliation 4321 Bank Account 321 Supplies Expense 123

1. An organization purchases the supplies as explained below. The vendor invoices the organization at a later date, and the organization makes payment via a check. Prepare the t-accounts to illustrate the impact of these purchases on the general ledger. a. Purchase office supplies for $2,500 from Vender Z b. Purchase office supplies for $1,200 from Vendor Y Accounts Payable Sub-Ledger Accounts Vendor 1 Vendor 2 Accounts Payable Reconciliation 4321 Bank Account 321 Supplies Expense 123

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter11: Accounting For Purchases And Cash Payments

Section: Chapter Questions

Problem 3CE

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