Question: What information does a journal entry contain after it is posted in ERP system? * 5 points a . Only the date when it was

What information does a journal entry contain after it is posted in ERP system?*
5 points
a. Only the date when it was posted.
b. The account names/numbers, debits and credits, posting date, and a unique transaction number.
c. Future dates for related transactions.
d. A and C

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Can you help with this question, its for an adjusting journal entry. I provided all the information necesssary. Part 425 points a) Prepare the appropriate adjusting entries on December 31, 2014....

Q:

Instructions for week 1 1)Record all week 1 transactions in the relevant journals. Note that special journals must be used where applicable. Any transaction that cannot be recorded in a special...

Q:

Complete each of the following steps in order (assume Rocky Ram uses a perpetual inventory system). Be sure to complete each step before you begin the next step. Prepare the journal entries (if...

Q:

Using this general journal I made, what would the general journal be (question 3) and what would it look like with the balances calculated (question 4)? I'm having trouble. Side note: Cannot be shown...

Q:

I need help with the very bottom piece "record acquistion of assets a,b,c,d please. I have a blank excel Project Evaluation and Risk Analysis Investment Opportunity: Manufacturing management wants to...

Q:

Required information [The following information applies to the questions displayed below] Laker Company reported the following January purchases and sales data for its only product. The Company uses...

Q:

Hi I made a general ledger from a post closing trial balance... the problem is... I have 14 entries for my general ledger based on the post closing trial balance but according to the rubric there...

Q:

The following financial statements are provided from the prior accounting period for J & L Accounting, Inc.: a. Post-closing trial balance b. Balance sheet c. Income statement d. Statement of...

Q:

Hi I made a general ledger from a post closing trial balance... the problem is... I have 14 entries for my general ledger based on the post closing trial balance but according to the rubric there...

Q:

I only need help with Part 3 please stage. Proposed capital investments are included in the annual budget. This includes the estimated cost of acquisition and the month the expenditure will be made....

Q:

JD Enterprises borrowed $150,000 for two years from the bank. At the end of the two years, they repaid the loan in full with one payment of $175,000. What was the quoted interest rate on the loan?...

Q:

ABC Inc. buys equipment at a cost of $404544. The equipment is in a 14.23% CCA class. What is the CCA deduction for year 1? Assume that the half year rule applies?

Q:

Calculating NPV (LO5, 6, 7) Ridgetown News Inc. is considering making an offer to purchase Orford Publications. The vice president of finance has collected the following information: Ridgetown also...

Q:

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...