Selected accounts from the ledgers of Masud Company at July 31 showed the following. Instructions From the
Question:
Selected accounts from the ledgers of Masud Company at July 31 showed the following.
Instructions
From the data prepare:
(a) The single-column purchases journal for July.
(b) The general journal entries forJuly.
Transcribed Image Text:
GENERAL LEDGER No. 153 No. 120 lanation Ref.Debit Credit Balance Date Explanation Ref Debi CrediBalance 600 220 20 8,520 uipment Invento ate 3,900 July 15 18 25 31 G1 G1 Gi P1 8,500 G1 3,900 600 380 200 Accounts Payable No. 201 Date Explanation Ref. Deb CrediBalance 3,900 600 4,500 4,120 3,920 8,500 12,420 July 1 15 G1 3,900 25 31 G1 380 G1 200 P1 ACCOUNTS PAYABLE LEDGER Alaska Equipment Co. Kansas Co. Date Explanation RefDebiCredit Balance Date Ex ation Ref Debi Credit Balance 3,900 3,900 July 14 25 1,300 1,300 1,100 Gi 200 Dakota Co Montana Co Date Explanation Ref Debit Credit Balance Date Explanation Ref. DebiCredit Balance July 3 20 P1 P1 2,400 700 2,400 July 12 3,100 500 600 21 P1 1,100 Oklahoma Inc Date Explanation Ref. Debit Credit Balance Explanation Ref. Debit redit Balance July 17 18 Pl G1 380 1,400 1400 JulyI5 GI 600 1,020 29 1,6002,620
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Related Book For
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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