7.1. What would the folio reference for the Cost of Sales entry A be? 7.2. In the trading stock account above, what does the letter B represent? 7.3. In the trading stock account above, what does the letter C represent? 7.4. In the trading stock account above, what does the letter D represent?
7.1. What would the folio reference for the Cost of Sales entry A be? 7.2. In the trading stock account above, what does the letter B represent? 7.3. In the trading stock account above, what does the letter C represent? 7.4. In the trading stock account above, what does the letter D represent?
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 4CE
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![Question 7
The following information relates to the Snorlax Store, a retail business that buys and sells stylish sleepware.
Dr
March
April
01 Bank
31
Bank
01 Balance
b/d
CPJ
b/d
TRADING STOCK
80 000
с
?
D
March 31
7.1. What would the folio reference for the Cost of Sales entry A be?
7.2. In the trading stock account above, what does the letter B represent?
7.3. In the trading stock account above, what does the letter C represent?
7.4. In the trading stock account above, what does the letter D represent?
Cost of sales
Balance
B12
A
c/d
B07
CR](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6ea1f414-2cfa-4d12-9b16-9c9fcbba0754%2Fc04f93cc-0507-4f2c-9a84-9047194a68cc%2Fya58hd7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 7
The following information relates to the Snorlax Store, a retail business that buys and sells stylish sleepware.
Dr
March
April
01 Bank
31
Bank
01 Balance
b/d
CPJ
b/d
TRADING STOCK
80 000
с
?
D
March 31
7.1. What would the folio reference for the Cost of Sales entry A be?
7.2. In the trading stock account above, what does the letter B represent?
7.3. In the trading stock account above, what does the letter C represent?
7.4. In the trading stock account above, what does the letter D represent?
Cost of sales
Balance
B12
A
c/d
B07
CR
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