Journalize and post the transactions completed during February using either a general journal or special journals or
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Question:
If using QuickBooks, use the journal entry method or forms-based approach (unless otherwise specified). *Transactions with an asterisk must be recorded in the general journal.
General Journal. Ignore this section if using QuickBooks or general ledger.
a. Post daily all entries involving customer accounts to the accounts receivable ledger.
b. Post daily all entries involving creditor accounts to the accounts payable ledger.
c. Post daily the general journal entries to the general ledger.
Special Journals. Ignore this section if using QuickBooks or general ledger.
a. Post daily the amounts in the Other Accounts columns of the special journals.
b. Post daily the general journal.
c. Post the totals of the special columns of the special journals at the end of the month.
Related Book For
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date: