Question: What steps are followed in posting from the purchases journal
What steps are followed in posting from the purchases journal to the accounts payable ledger?
Answer to relevant QuestionsList four items of information about each cash payment entered in the cash payments journal.Enter the following transactions in a cash receipts journal:July 6 James Adler made payment on account, $643.10 Made cash sales for the week, $2,320.14 Betty Havel made payment on account, $430.15 J. L. Borg made payment ...The purchases journal of Kevin's Kettle, a small retail business, is as follows:REQUIRED1. Post the total of the purchases journal to the appropriate general ledger accounts.Use account numbers as shown in the chapter.2. ...T. M. Maxwell owns a retail business and made the following sales during the month of July 20--. There is a 5% sales tax on all sales.July 1 Sale No. 101 to Saga, Inc., $1,200, plus sales tax.8 Sale No. 102 to Vinnie Ward, ...During the month of October 20--, The Pink Petal flower shop engaged in the following transactions:Oct. 1 Sold merchandise on account to Elizabeth Shoemaker, $1,000, plus tax of $50. Sale No. 222.2 Issued Check No. 190 to ...
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