answer the balance column of the general ledger (periodic method) Account Name:CASHAccount No. 101BalanceDateParticularsPostDebitCreditDebitCreditCash InvestmentComputer set purchasedSupplies purchasedFreight out paidRecord amount collectedRecord Amount paidInventory and supplies purchasedSalaries paidJul-01128,000025,000021,200055500747,6281179,889.61312,750158,00016Purchase returns870Record note takenFreight paidAmount withdrawnAmount paymentSalaries paymentAdvertising expenses paidExpenses payment2413,50024580289,0003015,8008,00031311,580313,500

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Description: answer the balance column of the general ledger (periodic method) Account Name:CASHAccount No. 101BalanceDateParticularsPostDebitCreditDebitCreditCash InvestmentComputer set purchasedSupplies purchasedFreight out paidRecord amount collectedRecord Amo

Balancing a general ledger (Cash account) involves subtracting the total credit amounts in a…

Business

Accounting

Account Name: CASH Account No. 101 Balance Particulars Cash Investment Computer set purchased Supplies purchased Freight out paid Record amount collected Record Amount paid nventory and supplies purchased Salaries paid Purchase returns Record note taken Freight paid Amount withdrawn Amount payment Salaries payment Advertising expenses paid Expenses payment Date Post Debit Credit Debit Credit Jul-01 02 128,000 5,000 1,200 02 05 550 07 47,628 11 79,889.6 13 12,750 15 8,000 16 870 24 13,500 24 580 9,000 15,800 28 30 31 8,000 31 31 1,580 3,500

Account Name: CASH Account No. 101 Balance Particulars Cash Investment Computer set purchased Supplies purchased Freight out paid Record amount collected Record Amount paid nventory and supplies purchased Salaries paid Purchase returns Record note taken Freight paid Amount withdrawn Amount payment Salaries payment Advertising expenses paid Expenses payment Date Post Debit Credit Debit Credit Jul-01 02 128,000 5,000 1,200 02 05 550 07 47,628 11 79,889.6 13 12,750 15 8,000 16 870 24 13,500 24 580 9,000 15,800 28 30 31 8,000 31 31 1,580 3,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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