This exercise will test your understanding of the postings that appear in a subsidiary ledger.

Presented below is the account for the vendor, Kitchen Plastics Company, as it appears in the accounts payable subsidiary ledger of Great Value Hardware.

KITCHEN PLASTICS COMPANY

Date

Ref.

Debit

Credit

Balance

2014

Jan. 1

17,000

3

P17

22,000

39,000

8

P18

13,000

52,000

9

CP25

17,000

35,000

11

G5

5,000

30,000

17

CP28

30,000

-0-

Instructions

Explain each amount reflected in this subsidiary ledger account.