Question: 9 Case Study: Posting to the General Ledger Identify ageneral ledger in the context of a particular business. On January 9, $500 was paid toward

9 Case Study: Posting to the General Ledger

Identify ageneral ledger in the context of a particular business.

On January 9, $500 was paid toward office supplies that had been purchased on account for $1,000.

What are the posting entries for this transaction?

A business purchases office supplies with cash in the amount of $15,000 on January 1.

What would the posting entries be?

On January 15, the owner of a sole proprietorship withdrew $2,000 cash for personal use from the business.

How would this entry be posted to the ledger?

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