Kelley Company has completed the following October sales and purchases journals: a. Total and post the journals
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Kelley Company has completed the following October sales and purchases journals:
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 the error(s).
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