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The following purchases and cash disbursments for Limited Inc. appear below in their Purchases and Cash Disbursements Journals.

Limited, Inc.'s accounts payable general ledger control account is also shown below.

Requirement 1: Post the appropriate entries to the vendors' accounts payable subsidiary ledger cards. (Hint: Make sure you post all of the transactions to the vendors' subsidiary ledgers in chronological (or date) order.)

Requirement 2: After posting to the vendors' accounts payable subsidiary ledgers, prepare a schedule of accounts payable.
(Remember the schedule of accounts payable balance should agree to the A/P General Ledger at month end.)

Purchases Journal
Date	Accounts	A/P (Credit)	Inventory (Debit)	Supplies (Debit)
Mar.4	Cramer, LTD	9,425	9,425
Mar.8	Baier Company	10,785	10,785
Mar.18	Stuart Supply House	694		694
Mar.26Double line	Raiser Inc.Double line	5,422Double line	5,422Double line	Double line
	Double line Totals Double line	Double line26,326Double line	Double line25,632Double line	Double line694Double line

Cash Disbursements Journal
Date	Payee	Cash (Credit)	Inventory (Debit)	A/P (Debit)
Mar.6	Lasky, LLC	1,100		1,100
Mar.10	Cash purchase from Raiser, Inc.	763	763
Mar.15	Baier Company	985		985
Mar.20Double line	Cramer, LTDDouble line	9,425Double line	Double line	9,425Double line
	Double line Totals Double line	Double line12,273Double line	Double line763Double line	Double line11,510Double line

Accounts Payable General Ledger (Control Account)
Date	Description	DEBIT	CREDIT	BALANCE
Mar.1	Beginning Balance			2,950
Mar.31	Credit Purchases		26,326	29,276
Mar.31	Cash Disbursements	11,510		17,766

Accounts Payable Subsidiary Ledger

A/P - Baier Company
Date	Description	DEBIT	CREDIT	BALANCE
Mar.1	Beginning Balance			985

A/P - Cramer, LTD
Date	Description	BALANCE
Mar.1	Beginning Balance	0

A/P - Lasky LLC
Date	Description	DEBIT	CREDIT	BALANCE
Mar.1	Beginning Balance			1100

A/P - Raiser, Inc.
Date	Description	DEBIT	CREDIT	BALANCE
Mar.1	Beginning Balance			0

A/P - Stuart Supply House
Date	Description	DEBIT	CREDIT	BALANCE
Mar.1	Beginning Balance			865

Limited Inc. Schedule of Accounts Payable March 31
Baier Company
Cramer, LTD
Lasky LLC
Raiser Inc.
Stuart Supply HouseDouble line	Double line
Double lineTotalDouble line	Double lineDouble line

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