From the general journal, record to the accounts receivable subsidiary ledger and post to the general ledger accounts as appropriate. Record to the accounts receivable subsidiary ledger. Use transaction dates as posting references. Accounts Receivable Subsidiary Ledger Henry Co. Lincoln Co. Now post to the partial general ledger. Use transaction dates as posting references. Partial General Ledger Accounts Receivable 112 Merchandise Inventory 142 Sales 411 Cost of Goods Sold 505
From the general journal, record to the accounts receivable subsidiary ledger and post to the general ledger accounts as appropriate. Record to the accounts receivable subsidiary ledger. Use transaction dates as posting references. Accounts Receivable Subsidiary Ledger Henry Co. Lincoln Co. Now post to the partial general ledger. Use transaction dates as posting references. Partial General Ledger Accounts Receivable 112 Merchandise Inventory 142 Sales 411 Cost of Goods Sold 505
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 7SEB: JOURNALIZING SALES RETURNS AND ALLOWANCES Enter the following transactions starting on page 60 of a...
Related questions
Question
100%
From the general journal, record to the accounts receivable subsidiary ledger and post to the general ledger accounts as appropriate.
Record to the accounts receivable subsidiary ledger. Use transaction dates as posting references.
Accounts Receivable Subsidiary Ledger
|
|||||||
Henry Co.
|
|||||||
|
|
|
|
|
|||
|
|
|
|
|
|
||
Lincoln Co.
|
|||||||
|
|
|
|
|
|||
|
|
|
|
|
|
Now post to the partial general ledger. Use transaction dates as posting references.
Partial General Ledger
|
|||||||
Accounts Receivable 112
|
|||||||
|
|
|
|
|
|||
|
|
|
|
|
|||
Merchandise Inventory 142
|
|||||||
|
|
|
|
||||
|
|
|
|
||||
Sales 411
|
|||||||
|
|
|
|
|
|||
|
|
|
|
|
|||
|
|
||||||
Cost of Goods Sold 505
|
|||||||
|
|
|
|
|
|||
|
|
|
|
![From the general journal, record to the accounts receivable subsidiary ledger and post to the general ledger accounts as appropriate.
E (Click the icon to view the journal and partial ledgers.)
- X
Data Table
Record to the accounts receivable subsidiary ledger. Use transaction dates as posting references.
Accounts Receivable Subsidiary Ledger
Henry Co.
General Journal
Page 1
Date
Account Titles and Explanations
PR
Dr.
Cr.
201X
May 18 Accounts Receivable, Henry Co.
590
Lincoln Co.
Sales
590
Sold merchandise to Henry Co.
Now post to the partial general ledger. Use transaction dates as posting references.
18 Cost of Goods Sold
385
Partial General Ledger
Merchandise Inventory
385
Record cost of the sale
to Henry Co.
Accounts Receivable 112
19 Accounts Receivable, Lincoln Co.
890
Sales
890
Sold merchandise to Lincoln Co.
Merchandise Inventory 142
19 Cost of Goods Sold
580
Merchandise Inventory
580
Record cost of the sale to Lincoln Co.
Sales 411
ACCOUNT RECEIVABLE SUDSIDIARY LEDGER
PARTIAL GENERAL LEDGER
Henry Co.
Accounts Receivable 112
Cost of Goods Sold 505
Lincoln Co.
Merchandise Inventory 142
Sales 411
Cost of Goods Sold 505](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9ffe93f5-5f10-4bf7-acdc-0df2fea074f3%2Fbc4b2b4b-e0c6-4542-a327-146b5476cb72%2Fnqtkjn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:From the general journal, record to the accounts receivable subsidiary ledger and post to the general ledger accounts as appropriate.
E (Click the icon to view the journal and partial ledgers.)
- X
Data Table
Record to the accounts receivable subsidiary ledger. Use transaction dates as posting references.
Accounts Receivable Subsidiary Ledger
Henry Co.
General Journal
Page 1
Date
Account Titles and Explanations
PR
Dr.
Cr.
201X
May 18 Accounts Receivable, Henry Co.
590
Lincoln Co.
Sales
590
Sold merchandise to Henry Co.
Now post to the partial general ledger. Use transaction dates as posting references.
18 Cost of Goods Sold
385
Partial General Ledger
Merchandise Inventory
385
Record cost of the sale
to Henry Co.
Accounts Receivable 112
19 Accounts Receivable, Lincoln Co.
890
Sales
890
Sold merchandise to Lincoln Co.
Merchandise Inventory 142
19 Cost of Goods Sold
580
Merchandise Inventory
580
Record cost of the sale to Lincoln Co.
Sales 411
ACCOUNT RECEIVABLE SUDSIDIARY LEDGER
PARTIAL GENERAL LEDGER
Henry Co.
Accounts Receivable 112
Cost of Goods Sold 505
Lincoln Co.
Merchandise Inventory 142
Sales 411
Cost of Goods Sold 505
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![College Accounting, Chapters 1-27](https://www.bartleby.com/isbn_cover_images/9781337794756/9781337794756_smallCoverImage.gif)
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
![College Accounting (Book Only): A Career Approach](https://www.bartleby.com/isbn_cover_images/9781337280570/9781337280570_smallCoverImage.gif)
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
![College Accounting, Chapters 1-27](https://www.bartleby.com/isbn_cover_images/9781337794756/9781337794756_smallCoverImage.gif)
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
![College Accounting (Book Only): A Career Approach](https://www.bartleby.com/isbn_cover_images/9781337280570/9781337280570_smallCoverImage.gif)
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
![Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337272124/9781337272124_smallCoverImage.gif)
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
![Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781305088436/9781305088436_smallCoverImage.gif)
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
![Financial And Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337902663/9781337902663_smallCoverImage.jpg)
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,