Question: What steps are followed in posting from the sales journal
What steps are followed in posting from the sales journal to the accounts receivable ledger?
Answer to relevant QuestionsList three items of information about each cash receipt entered in the cash receipts journal.What steps are followed in posting from the purchases journal to the accounts payable ledger?Enter the following transactions in a purchases journal like the one below.May 3 Purchased merchandise from Cintron, $6,500. Invoice No. 321, dated May 1, terms n/30.9 Purchased merchandise from Mitsui, $2,300. Invoice No. ...Freddy Flint owns a small retail business called Flint's Fantasy. The cash account has a balance of $20,000 on July 1. The following transactions occurred during July:July 1 Issued Check No. 414 in payment of July rent, ...Ann Benton, owner of Benton's Galleria, made the following purchases of merchandise on account during the month of October:Oct. 2 Purchase Invoice No. 321, $1,950, from Boggs Distributors.7 Purchase Invoice No. 152, ...
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