Exercise 7-5 (Algo) Controlling accountsand subsidiary ledgers LO C2Following is information from Jesper Companyfor its first month of business.Credit PurchasesJanuary 9 Bailey CompanyJanuary 18 Johnson BrothersJanuary 22 Preston Company1. Post the above transactions in the accountspayable subsidiary ledger.2. Post the accounts payable balance in thegeneral ledger at month's end.Complete this question by entering your answers in the tabs below.Required 1DatePost the above transactions in the accounts payable subsidiary ledger.ACCOUNTS PAYABLE LEDGERBailey CompanyDateRequired 2DateDebitCash Paid$ 14,800 January 19 Bailey Company7,000 January 27 Johnson Brothers7,000 January 31 Preston CompanyJohnson BrothersDebitCreditDebitPreston CompanyCreditCreditBalanceBalanceBalance< Required 1$ 10,5007,0005,800Required 2 >

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Description: Exercise 7-5 (Algo) Controlling accountsand subsidiary ledgers LO C2Following is information from Jesper Companyfor its first month of business.Credit PurchasesJanuary 9 Bailey CompanyJanuary 18 Johnson BrothersJanuary 22 Preston Company1. Post the

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Exercise 7-5 (Algo) Controlling accounts and subsidiary ledgers LO C2 Following is information from Jesper Company for its first month of business. Credit Purchases January 9 Bailey Company January 18 Johnson Brothers January 22 Preston Company Cash Paid $14,800 January 19 Bailey Company 7,000 January 27 Johnson Brothers January 31 Preston Company 7,000 $ 10,500 7,000 5,800 1. Post the above transactions in the accounts payable subsidiary ledger. 2. Post the accounts payable balance in the general ledger at month's end.

Exercise 7-5 (Algo) Controlling accounts and subsidiary ledgers LO C2 Following is information from Jesper Company for its first month of business. Credit Purchases January 9 Bailey Company January 18 Johnson Brothers January 22 Preston Company Cash Paid $14,800 January 19 Bailey Company 7,000 January 27 Johnson Brothers January 31 Preston Company 7,000 $ 10,500 7,000 5,800 1. Post the above transactions in the accounts payable subsidiary ledger. 2. Post the accounts payable balance in the general ledger at month's end.

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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