At the end of September and before the purchases journal was posted, selected general ledger account...
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At the end of September and before the purchases journal was posted, selected general ledger account balances for Paper Products were as follows (each account had a normal balance): Accounts payable Purchases Freight In $5,395 1,760 e The purchases journal had the following totais: Purchases, $20,640; Freight in, $1,335, Accounts Payable, $21,975. Calculate the ending balance of each of the three accounts after the posting from the purchases journal. Indicate whether each balance is a debit or credit. Accounts payable Purchases Freight In At the end of September and before the purchases journal was posted, selected general ledger account balances for Paper Products were as follows (each account had a normal balance): Accounts payable Purchases Freight In $5,395 1,760 e The purchases journal had the following totais: Purchases, $20,640; Freight in, $1,335, Accounts Payable, $21,975. Calculate the ending balance of each of the three accounts after the posting from the purchases journal. Indicate whether each balance is a debit or credit. Accounts payable Purchases Freight In
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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