Match the following to the three business transactions (more than one number can be used). 1. Recorded

Question:

Match the following to the three business transactions (more than one number can be used).
1. Recorded to the subsidiary ledger.
2. Recorded to the general journal.
3. Posted to the general ledger.
_______ a. Bought merchandise on account from Strong.com, invoice no. 12, $160.
_______ b. Bought equipment on account from Lee Co., invoice no. 13, $150.
_______ c. Issued debit memo no. 1 to Strong.com for merchandise returned, $60, from invoice no. 12.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...