Prepare the accounts receivable and accounts payable control accounts of J Wright for November 2022. Accounts payable
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Prepare the accounts receivable and accounts payable control accounts of J Wright for November 2022.
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Accounts payable control balance 31 October 2022 Accounts receivable control balance 31 October 2022 Transactions for November Cheque for $407 deposited end of last month for U Len, an account receivable, was dishonoured Drawings of stock by J Wright including GST $29 Purchases on credit including GST $393 Cash sales including GST $1091 Remittances processed to accounts payable Sales on credit including GST $690 Bad debts including GST $34 3 025 4 587 Purchases with debit card including GST $156 Received funds direct from accounts receivable 319 4323 12 001 4 587 7 590 374 1716 8 877
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ANSWER To prepare the accounts receivable and accounts payable control accounts for J Wright for November 2022 well start with the opening balances as ...View the full answer
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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