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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

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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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
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
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