Subsidiary Ledgers Listed Below Are Several Merchandising Transactions of Siegel's

question 18

Essay

Subsidiary ledgers Listed below are several merchandising transactions of Siegel's Garden Center, a garden supply store.
(a) Purchased merchandise from Bayview Wholesale on account.
(b) Sold merchandise for cash.
(c) Sold merchandise on account to Dom's Landscaping Co.
(d) Paid the account payable to Bayview Wholesale.
(e) Collected the account receivable from Dom's Landscaping Co.
Among the accounting records maintained by Siegel's are subsidiary ledgers for inventory, accounts receivable, and accounts payable.
For each of the five transactions, you are to indicate any subsidiary ledger (or ledgers) to which the transaction would be posted. Use the code:
Inv = Inventory subsidiary ledger
AR = Accounts receivable subsidiary ledger
AP = Accounts payable subsidiary ledger
Also indicate whether each posting causes the balance in the subsidiary ledger account to increase or decrease. Organize your answer in tabular form as illustrated below. The answer for transaction a is provided as an example.
$\begin{array}{|c|c|c|}\hline & \text { Subsidiary } & \text { Effect upon subsidiary } \\\hline \text { Transaction } & \text { Ledger(s) } & \text { Account Balance } \\\hline \text { A } & \text { Inv } & \text { Increase } \\& \text { AP } & \text { Decrease[Increase] } \\\hline \text { B } & & \\\hline \text { C } & & \\\hline \text { D } & & \\\hline \text { E } & & \\\hline\end{array}$

Understand the concept of trust as a psychological state in organizational behavior.

Recognize work/life balance initiatives and their effectiveness in minimizing work-related stress.

Identify adaptive responses to challenging or threatening situations and distinguish between types of stress.

Understand the effects of childcare support and flexible work hours on work-related stress.

---

Definitions:

Nonexclusive

A property of a good or service where one person's use does not diminish availability to others.

External Benefit

A benefit that results from an economic activity which accrues to unrelated third parties.

Third Party

An entity involved in a transaction or agreement who is not one of the principal parties.

Cooperative

An organization consisting of people who pool their resources to buy and sell more efficiently than they could individually.