Assignment # 2 : Accounts Payable - Checklist and Transactions

Note: This assignment is covered in recordings made 6/29/19 & 7/2/19

Checklist:

Complete all Transactions (Listed Below)

PART I - Print and Submit the following reports in PDF format

Purchase Journal Entries - May 1 - May 31

Payment Journal Entries - May 1 - May 31

General Journal Entries - May 1 - May 31

Grading for ALL Entries TOTAL 44 Marks

Supplier Aged Detail for All Suppliers - May 31 (5 Marks)

Screen Capture the Accounts Payable Linked Accounts from the Set Up Menu

(Ensure the screen capture includes your name in the company name) (5 Marks)

PART II - In a word document answer the following questions – submit to Blackboard (BB)

1. Referencing the Screen Capture of the Accounts Payable Linked Accounts - Describe

the role/function that the General Ledger 2200 Accounts Payable Account plays in the

functionality of the General Ledger and Accounts Payable Subledger. Why are the

accounts linked? (5 Marks)

2. Referencing the Supplier Aged Detail Report for All Suppliers - State 3 different ways

that this report could be used by the Accounts Payable Clerk. (6 Marks)

3. Reference the Entries for GROEN Fields - Is it possible to Adjust a posted cheque

payment at any time? Why or why not? Be specific. (5 Marks)

Submit your Final Company Backup File - YOUR ASSIGNMENT WILL NOT BE

GRADED WITHOUT THE COMPANY BACKUP FILE. The Backup Version of the

file can only be submitted via Blackboard. Blackboard will not accept folders.

Transactions

Below is a list of all the transactions done in Chapter 3 Bihn’s Bins.

The ones with the checkmarks were completed in the class recordings.