After each amount is posted from the cash receipts Journal to the general ledger, O the Journal letter CR and page number are entered in the PR column in the customer accounts in the ledger O the journal letter R and page number are entered in the PR column in for the Other Accounts Cr. column. O the letter x is entered in the PR column for Cash Dr., Cost of Goods Sold Dr./Inventory Cr. columns. O the letter GL is entered under the total of the Other Accounts Cr. column.

After each amount is posted from the cash receipts Journal to the general ledger, O the Journal letter CR and page number are entered in the PR column in the customer accounts in the ledger O the journal letter R and page number are entered in the PR column in for the Other Accounts Cr. column. O the letter x is entered in the PR column for Cash Dr., Cost of Goods Sold Dr./Inventory Cr. columns. O the letter GL is entered under the total of the Other Accounts Cr. column.

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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