Instructions1. Journalize the transactions for November. Use a purchases journal

Instructions1. Journalize the transactions for November. Use a purchases journal and a cash payments journal similar to those illustrated in this chapter and a two-column general journal. Use debit columns for Field Supplies Office Supplies and Other Accounts in the purchases journal. Refer to the following partial chart of accounts:11 Cash 14 Field Supplies 15 Office Supplies 17 Field Equipment 19 Land21 Accounts Payable61 Salary Expense71 Rent ExpenseAt the points indicated in the narrative of transactions post to the following accounts in the accounts payable subsidiary ledger:Best Office Supply Co.Hydro Supply Co.Test-Rite Equipment Co.2. Post the individual entries (Other Accounts columns of the purchases journal and the cash payments journal and both columns of the general journal) to the appropriate general ledger accounts.3. Total each of the columns of the purchases journal and the cash payments journal and post the appropriate totals to the general ledger. (Because the problem does not include transactions related to cash receipts the cash account in the ledger will have a credit balance.)4. Sum the balances of the accounts payable subsidiary ledger.5. Why might Green Mountain consider using a subsidiary ledger for the field equipment?