5. Compute the balances on each of the forms in Exam Figure 5 (?starting below?) Enter the transactions in the purchase invoice register (exam figure 6) and the accounts payable
5. Compute the balances on each of the forms in Exam Figure 5 (?starting below?) Enter the transactions in the purchase invoice register (exam figure 6) and the accounts payable ledger (Exam Figure 7). Prove the accounts payable ledger balance (Exam Figure 8). Hint: use 05011 as the account number for purchases discount and 05012 for purchases returns and allowances. Note: The items in invoice 112 are not for resale. All purchases listed are for manufacturing use except those on purchase invoice 112.
What’s the total of the accounts payable column, Account 201, in the purchase invoice register?
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