Use the journals and ledgers that follows. Total and rule (draw a line under the column of
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Use the journals and ledgers that follows. Total and rule (draw a line under the column of numbers) the journals. Post the transactions to the subsidiary ledger and (using T-accounts) to the general ledger accounts. Then prepare a schedule of Accounts Payable.
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Date Apr. 1 Apr. 7 Apr. 15 Apr. 16 Check No. Purchase Debit Merchandise Date Order No. Account Credited Acct. No. Inventory Credit AP 2019 Apr. 4 Apr. 7 Apr. 15 57346 57347 57348 Payee 1251 Rent 1252 Murphy Corp. 1253 1254 PURCHASES JOURNAL Murphy Corp. AP146 Jensen Company AP234 Murphy Corp. AP146 CASH DISBURSEMENTS JOURNAL Country Bank (loan) Interest Jensen Company Cash CR Ref. 800 1,210.79 AP 155 3090 657.90 AP 234 Accounts Payable DR 1,235.50 678.25 1,235 678 715 24.71 50 25 19 Purchases Discounts Acct. CR No. 20.35 Other Accounts 526 Page 102 222 563 ✓ DR 800 3,000 90 CR
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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