Question: Kelley Company has completed October s sales and purchases journals Shown

Kelley Company has completed October’s sales and purchases journals (Shown below).

a. Total and post the journals to T accounts for the general ledger and the accounts receivable and accounts payable ledgers.
b. Complete a schedule of accounts receivable for October 31, 20—.
c. Complete a schedule of accounts payable for October 31, 20—.
d. Compare the balances of the schedules with their respective general ledger accounts. If they are not the same, find and correct theerror(s).
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  • CreatedOctober 21, 2014
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