Post the journal entries on page 222 to the appropriate ledger accounts. Assume the following account balances
Question:
Post the journal entries on page 222 to the appropriate ledger accounts. Assume the following account balances as of March 1, 2016:
Accounts Receivable (control account) $1,688
Accounts Receivable-Cara Fountain 940
Accounts Receivable-Sadie Palmer 748
Transcribed Image Text:
GENERAL JOURNAL PAGE 42 POST REF DATE DEBIT CREDIT 1 2016 2Mar 3 00 00 24 00 14 Sales Returns and Allowances Sales lax Payable Accounts Rec.Cara Fountain 324 004 Accepted return on defective merchandise, Credit Memo 101; original sale of Feb. 23 Sales Slip 1101 10 22 Sales Returns and Allowances 100 00 10 Sales lax Payable 8 00 08 0012 13 14. 15 16 12 Accounts Rec.-Sadie Palmer Gave allowance for damaged merchandise, Credit Memo 102; original sale Mar. 15, Sales Slip 1150 13 15 16
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
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