EX 5-17 Purchases and cash payments journals
Transactions related to purchases and cash payments completed by Marion Cleaning Services Inc. during the month of August 2012 are as follows:
| Aug. 1. | Issued Check No. 57 to Liquid Klean Supplies Inc. in payment of account, $275. |
| 3 | Purchased cleaning supplies on account from Sani-Fresh Products Inc., $160. |
| 8 | Issued Check No. 58 to purchase equipment from Carson Equipment Sales, $2,400. |
| 12 | Purchased cleaning supplies on account from Porter Products Inc., $250. |
| 15 | Issued Check No. 59 to Abbott Laundry Service in payment of account, $120. |
| 18 | Purchased supplies on account from Liquid Klean Supplies Inc., $265. |
| 20 | Purchased laundry services from Abbott Laundry Service on account, $140. |
| 26 | Issued Check No. 60 to Sani-Fresh Products Inc. in payment of August 3 invoice. |
| 31 | Issued Check No. 61 in payment of salaries, $5,200. |
Prepare a purchases journal and a cash payments journal to record these transactions. The forms of the journals are similar to those illustrated in the text. Place a check mark (v) in the Post. Ref. column to indicate when the accounts payable subsidiary ledger should be posted. Marion Cleaning Services Inc. uses the following accounts:
| Cash | 11 |
| Cleaning Supplies | 14 |
| Equipment | 18 |
| Accounts Payable | 21 |
| Salary Expense | 51 |
| Laundry Service Expense | 53 |
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