Post the transactions from each journal provided, Sales, Cash Receipts and General, into the appropriate customer accounts in the Accounts Receivable Subsidiary ledger. Each journal. ACCOUNTSSALES TAXSALEPOST.RECEIVABLESALESPAYABLEDATEACCOUNT DEBITEDNO.REF.DEBITCREDITCREDIT1 Feb5 Andrews Career Center11567.10530.0037.10110 Montgomery Inc.20 Baywood Technologies212428.00400.0028.00 || 2313802.50750.0052.50344•..EFHJGENERAL JOURNALPAGE 21DOC.POST.GENERALDATEACCOUNT TITLENO.REF.DEBITCREDIT20 Sales Returns and AllowancesSales Tax PayableAccounts Receivable/Baywood TechnologiesFebСМЗ90.006.3096.3025 Sales Returns and AllowancesСМ4112.00Sales Tax PayableAccounts Receivable/Montgomery Inc.7.84119.84...вDEGHKLMNCASH RECEIPTS JOURNALPAGE 2247ACCOUNTSSALESDOC.POST.GENERALRECEIVABLESALESSALES TAX PAYABLEDISCOUNTCASHDATEACCOUNT TITLENO.REF.DEBITCREDITCREDITCREDITDEBITCREDITDEBITDEBIT1 Feb4 Andrews Career CenterR321,300.001,300.001.17 Baywood Technologies29 Montgomery Inc.2R333,000.004.3560.002,935.65 23R34890.00890,003445566PIC COLL AGEPost the transactions that affect customers. ll cricket5:01 PM9%A BEH1CUSTOMERCUSTOMER NO.4POST.DEBIT5DATEITEMREF.DEBITCREDITBALANCE78111213CUSTOMER Baywood Technologies14CUSTOMER NO.12016POST.DEBIT17DATEITEMREF.DEBITCREDITBALANCE19Feb1 Balanceü3,870.0020212223242526CUSTOMER Montgomery Inc.CUSTOMER NO.13028POST.DEBIT29DATEITEMREF.DEBITCREDITBALANCE31Feb1 Balanceü890.0032333435363738402.10

Ledgers - After recording transactions in the journal next step is to transfer them into ledgers.…

ACCOUNTS SALES TAX SALE POST. RECEIVABLE SALES PAYABLE DATE ACCOUNT DEBITED NO. REF. DEBIT CREDIT CREDIT 1Feb 5 Andrews Career Center 11 567.10 530.00 37.10 10 Montgomery Inc. 20 Baywood Technologies 12 428.00 400.00 28.00 3 13 802.50 750.00 52.50 4 C D E F G J GENERAL JOURNAL PAGE 2 1 DOC. POST. GENERAL DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT 20 Sales Returns and Allowances Sales Tax Payable Accounts Receivable/Baywood Technologies Feb СМЗ 90.00 6.30 96.30 25 Sales Returns and Allowances СМ4 112.00 Sales Tax Payable Accounts Receivable/Montgomery Inc. 7.84 119.84 D G H J K L M CASH RECEIPTS JOURNAL PAGE 2 3 4. 7 ACCOUNTS SALES DOC. POST. GENERAL RECEIVABLE SALES SALES TAX PAYABLE DISCOUNT CASH DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT CREDIT CREDIT DEBIT CREDIT DEBIT DEBIT 1 Feb 4 Andrews Career Center 17 Baywood Technologies 29 Montgomery Inc. R32 1,300.00 1.300.00 1 R33 3,000.00 4.35 60.00 2,935.65 2 3 R34 890,00 890,00 4 5 PIC COLL AGE Post the transactions that affect customers.

ACCOUNTS SALES TAX SALE POST. RECEIVABLE SALES PAYABLE DATE ACCOUNT DEBITED NO. REF. DEBIT CREDIT CREDIT 1Feb 5 Andrews Career Center 11 567.10 530.00 37.10 10 Montgomery Inc. 20 Baywood Technologies 12 428.00 400.00 28.00 3 13 802.50 750.00 52.50 4 C D E F G J GENERAL JOURNAL PAGE 2 1 DOC. POST. GENERAL DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT 20 Sales Returns and Allowances Sales Tax Payable Accounts Receivable/Baywood Technologies Feb СМЗ 90.00 6.30 96.30 25 Sales Returns and Allowances СМ4 112.00 Sales Tax Payable Accounts Receivable/Montgomery Inc. 7.84 119.84 D G H J K L M CASH RECEIPTS JOURNAL PAGE 2 3 4. 7 ACCOUNTS SALES DOC. POST. GENERAL RECEIVABLE SALES SALES TAX PAYABLE DISCOUNT CASH DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT CREDIT CREDIT DEBIT CREDIT DEBIT DEBIT 1 Feb 4 Andrews Career Center 17 Baywood Technologies 29 Montgomery Inc. R32 1,300.00 1.300.00 1 R33 3,000.00 4.35 60.00 2,935.65 2 3 R34 890,00 890,00 4 5 PIC COLL AGE Post the transactions that affect customers.

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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Question

100%

Post the transactions from each journal provided, Sales, Cash Receipts and General, into the appropriate customer accounts in the Accounts Receivable Subsidiary ledger. Each journal.

ACCOUNTS
SALES TAX
SALE
POST.
RECEIVABLE
SALES
PAYABLE
DATE
ACCOUNT DEBITED
NO.
REF.
DEBIT
CREDIT
CREDIT
1 Feb
5 Andrews Career Center
11
567.10
530.00
37.10
1
10 Montgomery Inc.
20 Baywood Technologies
2
12
428.00
400.00
28.00 || 2
3
13
802.50
750.00
52.50
3
4
4
•..
E
F
H
J
GENERAL JOURNAL
PAGE 2
1
DOC.
POST.
GENERAL
DATE
ACCOUNT TITLE
NO.
REF.
DEBIT
CREDIT
20 Sales Returns and Allowances
Sales Tax Payable
Accounts Receivable/Baywood Technologies
Feb
СМЗ
90.00
6.30
96.30
25 Sales Returns and Allowances
СМ4
112.00
Sales Tax Payable
Accounts Receivable/Montgomery Inc.
7.84
119.84
...
в
D
E
G
H
K
L
M
N
CASH RECEIPTS JOURNAL
PAGE 2
2
4
7
ACCOUNTS
SALES
DOC.
POST.
GENERAL
RECEIVABLE
SALES
SALES TAX PAYABLE
DISCOUNT
CASH
DATE
ACCOUNT TITLE
NO.
REF.
DEBIT
CREDIT
CREDIT
CREDIT
DEBIT
CREDIT
DEBIT
DEBIT
1 Feb
4 Andrews Career Center
R32
1,300.00
1,300.00
1.
17 Baywood Technologies
29 Montgomery Inc.
2
R33
3,000.00
4.35
60.00
2,935.65 2
3
R34
890.00
890,00
3
4
4
5
5
6
6
PIC COLL AGE
Post the transactions that affect customers.

ll cricket
5:01 PM
9%
A B
E
H
1
CUSTOMER
CUSTOMER NO.
4
POST.
DEBIT
5
DATE
ITEM
REF.
DEBIT
CREDIT
BALANCE
7
8
11
12
13
CUSTOMER Baywood Technologies
14
CUSTOMER NO.
120
16
POST.
DEBIT
17
DATE
ITEM
REF.
DEBIT
CREDIT
BALANCE
19
Feb
1 Balance
ü
3,870.00
20
21
22
23
24
25
26
CUSTOMER Montgomery Inc.
CUSTOMER NO.
130
28
POST.
DEBIT
29
DATE
ITEM
REF.
DEBIT
CREDIT
BALANCE
31
Feb
1 Balance
ü
890.00
32
33
34
35
36
37
38
40
2.
10

Definition Definition Act of publishing journal entries in their respective general ledger accounts to create a consolidated view of an account. At the end of the fiscal year, ledger accounts are balanced and account balances in every ledger are consolidated together to create the trial balance.

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