Nobo Uematsu Company has a balance in its Accounts Payable control account of $8,250 on January 1, 2010. The subsidiary ledger contains three accounts: Jones Company, balance $3,000; Brown Company, balance $1,875; and Aatski Company. During January, the following payable related transactions occurred.
|
Purchases |
Payments |
Returns |
|
|
Jones Company |
$6,750 |
$6,000 |
$ 0 |
|
Brown Company |
5,250 |
1,875 |
2,250 |
|
Aatski Company |
6,375 |
6,750 |
0 |
Instructions
(a) What is the January 1 balance in the Aatski Company subsidiary account?
(b) What is the January 31 balance in the control account?
(c) Compute the balances in the subsidiary accounts at the end of the month.
(d) Which January transaction would not be recorded in a special journal?