Question Number 4

Instructions 1. Record each transaction in the appropriate journal 2. Post the column totals and the individual components of the "Other Accounts" column in the Sales Journal, Purchases Journal, Cash Receipts Journal, and Cash Payments Journal to the general ledger and subsidiary ledgers, if applicable 3. Post the individual entries from the general journal to the general ledger and the subsidiary ledgers. 4. Prepare a schedule of accounts receivable and a schedule of accounts payable as of October 31, 2016. Save image (Command+S) 5. Copy the ending account balances in the general ledger to the trial balance column of the work sheet. 6. Complete the Adjustments section of the work sheet using the following information a. On October 31, an inventory of the supplies showed that items costing $3,240 were on hand. Record an adjustments for the supplies used in October