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.