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Enter a credit balance of $38,400 as of September 1, 20Y4 in the Accounts Payable general ledger account. Place a check mark (✓) in the Posting Reference column. Post the September 18, 20Y4, transaction to the account. For those boxes in which no entry is required, leave the box blank. Account Accounts Payable Account No. 21 DATE ITEM POST. REF. DEBIT CREDIT BALANCE DEBIT CREDIT Sept. 1, 20Y4 Balance           Sept. 18, 20Y4

Enter a credit balance of $38,400 as of September 1, 20Y4 in the Accounts Payable general ledger account. Place a check mark (✓) in the Posting Reference column. Post the September 18, 20Y4, transaction to the account. For those boxes in which no entry is required, leave the box blank. Account Accounts Payable Account No. 21 DATE ITEM POST. REF. DEBIT CREDIT BALANCE DEBIT CREDIT Sept. 1, 20Y4 Balance           Sept. 18, 20Y4

FINANCIAL ACCOUNTING
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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  Enter a credit balance of $38,400 as of September 1, 20Y4 in the Accounts Payable general ledger account. Place a check mark (✓) in the Posting Reference column. Post the September 18, 20Y4, transaction to the account. For those boxes in which no entry is required, leave the box blank.

Account Accounts Payable
Account No. 21
DATE ITEM POST.
REF.		 DEBIT CREDIT BALANCE
DEBIT CREDIT
Sept. 1, 20Y4 Balance
 
        
Sept. 18, 20Y4            
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