Following is information om Jesper Company for its rst month of business. Credit Purchases January 9 Bailey Company January 18 Johnson Brothers January 22 Preston Company 1. Post the above transactions in the accounts payable subsidiary ledger. 2. Post the accounts payable balance in the general ledger at month's end. Required 1 Required 2 Complete this question by entering your answers in the tabs below. Date $ 14,000 6,600 6,200 Post the above transactions in the accounts payable subsidiary ledger. Date ACCOUNTS PAYABLE LEDGER Bailey Company Debit Cash Paid January 19 Bailey Company January 27 Johnson Brothers January 31 Preston Company Credit Johnson Brothers Debit Credit Balance Balance $ 10,100 6,600 5,400

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business…