Using the following purchases journal, identify each of the posting references, indicated by a letter, as representing
Question:
Using the following purchases journal, identify each of the posting references, indicated by a letter, as representing
(1) A posting to a general ledger account,
(2) A posting to a subsidiary ledger account,
(3) That no posting is required:
Transcribed Image Text:
PURCHASES JOURNAL Accounts Store Office Page 49 Post. Payable Supplies Supplies Ref, Other Accounts Dr Post. Ref. Amount Date Account Credited 2016 Jan. 4 Coastal Equipment Co. (a) 5,325 Dr Warehouse Equipment (g) 5,325 6 Arrow Supply Co. 9 Thorton Products 14 Office Warehouse 20 Office Warehouse 25 Monroe Supply Co. 2,740 2740 30 4,000 (b) 4,000 (c) ,875 ,600 275 (d 2,200 (e) 6,000 Office Equipment Store Equipment (h) 2,200 (i) 6,000 22,1404,3404,275 13,525
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
1 General ledger acco...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-1305088436
14th edition
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
Question Posted:
Students also viewed these Accounting questions
-
Using the following cash payments journal, identify each of the posting references, indicated by a letter, as representing (1) A posting to a general ledger account, (2) A posting to a subsidiary...
-
Using the following cash payments journal, identify each of the posting references, indicated by a letter, as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary...
-
The concept of the money multiplier refers to the fact that changes in autonomous demand lead to greater changes in? a) GDP b) overall price level c) MS d) all of the above e) none of the above
-
Marks 1. Find the limits, if they exist. If a limit does not exist, check whether the function approaches +00 x2 + 2x - 15 (5) (a) lim x-3 x2-4x +3 x2 - 4 (5) (b) lim x2 x4 - 16 Carol Ferland CF...
-
On September 5, Wanda, a widow who occasionally teaches piano and organ in her home, purchased an electric organ from Murphys music store for $4,800, trading in her old organ for $1,200 and promising...
-
On the basis of data from the National Center for Health Statistics, N. Wetzel used the normal distribution to model the length of gestation for pregnant U.S. women (Chance, Spring 2001). Gestation...
-
In 2014, Javier Ramos decided to open seafood restaurants in California and Texas. Ramos claims that he was describing the crusted glaze applied to cooked seafood to his friend Ivan Murillo when...
-
On May 31, the inventory balances of Princess Designs, a manufacturer of high-quality children's clothing, were as follows: Materials Inventory, $21,360; Work in Process Inventory, $15,112; and...
-
4. As the chapter states, GDP does not include the value of used goods that are resold. Why would including such transactions make GDP a less informative measure of economic well-being? 5. Below are...
-
Use the Rolling Hills, Inc. data from Problem P14-34A. Requirements 1. Prepare the 2018 statement of cash flows by the direct method. 2. How will what you learned in this problem help you evaluate an...
-
The debits and credits from two transactions are presented in the following supplier's (creditor's) account: NAME Colonial Inc. ADDRESS 5000 Grand Ave. Describe each transaction and the source of...
-
The debits and credits from three related transactions are presented in the following creditor's account taken from the accounts payable ledger: NAME Apex Performance Co. ADDRESS 101 W. Stratford...
-
A car is traveling along a road at 22.2 m/s. Calculate the Reynolds number a. Based on the length of the car b. Based on the diameter of the radio antenna The car length is 5.8 m and the antenna...
-
List the criteria that must be met before an expenditure can be considered as an allowable trade or business tax deduction.
-
Jason is single and uses the calendar year for his tax year. He died on May 15, 2019. When is his final income tax return due?
-
An individual surrenders, for $20,000, an endowment life insurance policy in which he had a $15,000 investment. How much of the $20,000 of proceeds must be included in gross income?
-
What is the negligence penalty?
-
What is the current status of Rey. Rul. 57-82?
-
Write the chemical formula for the following compound. Is the compound ionic or molecular? Name the compound. F F F F F
-
A new car sold for $31,000. If the vehicle loses 15% of its value each year, how much will it be worth after 10 years?
-
Accounting is ingrained in our society and it is vital to our economic system. Do you agree? Explain.
-
Identify and describe the steps in the accounting process.
-
(a) Who are internal users of accounting data? (b) How does accounting provide relevant data to these users?
-
In Country A, the population mean height for 3-year-old boys is 39 inches Suppose a random sample of 15 3-year-old boys from Country B showed a sample mean of 38.6 inches with a standard deviation of...
-
what ways does cultural diversity serve as a catalyst for creativity, innovation, and cross-cultural fertilization, enriching intellectual discourse, fostering intercultural dialogue, and challenging...
-
How can participatory approaches to cultural policymaking, grassroots cultural initiatives, and community-based cultural development projects empower marginalized cultural groups, amplify their...
Study smarter with the SolutionInn App