Answered: Cleaning services sold on account to…

Cleaning services sold on account to Cara Caterers for the week were $430, and for cash were $29,222. What would be the correct General Ledger Entry?

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

Cleaning services sold on account to Cara Caterers for the week were $430, and for cash were $29,222. What would be the correct General Ledger Entry?

Expert Solution

Step 1

For preparing the general ledger , we first need to know the general journal and post it in ledger.

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