Transactions for July and the beginning balances for select general ledger and accounts payable ledger accounts are
Question:
Transactions for July and the beginning balances for select general ledger and accounts payable ledger accounts are as follows:
July 7 Returned merchandise to Starcraft Industries, $660.
15 Returned merchandise to ra, Inc., $350.
27 Returned merchandise to Datamagic, $910.
Using page 3 of a general journal and the general ledger accounts and accounts payable ledger accounts, journalize and post the transactions above. Do not enter the posting references until you complete part 2.
Using page 3 of a general journal and the general ledger accounts and accounts payable ledger accounts, journalize and post the transactions above. Do not enter the posting references until you complete part 2.
The beginning general ledger and accounts payable ledger account balances from above have been provided; now post from the journal to the general ledger and accounts payable ledger accounts. If an amount box does not require an entry, leave it blank. After posting to the general ledger, go to part J. and complete the posting. Post the transactions in chronological order.
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren