Posting a $2,500 purchase of office supplies on account appears as follows:O A.OB.O C.O D.Office Supplies2,500Office Supplies2,500Cash2,500Office Supplies2,500Accounts Payablepoint(s) possibleOffice Supplies2,5002,500Accounts Receivable2,500Accounts Payable2,500

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Description: Posting a $2,500 purchase of office supplies on account appears as follows:O A.OB.O C.O D.Office Supplies2,500Office Supplies2,500Cash2,500Office Supplies2,500Accounts Payablepoint(s) possibleOffice Supplies2,5002,500Accounts Receivable2,500Accounts

Journal entries are used to record transactions in chronological order under double entry accounting…

Business

Accounting

K Posting a $2,500 purchase of office supplies on account appears as follows: O A. O B. O C. O D. Office Supplies 2,500 Office Supplies 2,500 Cash Office Supplies 2,500 2,500 Accounts Payable 2,500 Accounts Receivable 2,500 Office Supplies 2,500 Accounts Payable 2,500

K Posting a $2,500 purchase of office supplies on account appears as follows: O A. O B. O C. O D. Office Supplies 2,500 Office Supplies 2,500 Cash Office Supplies 2,500 2,500 Accounts Payable 2,500 Accounts Receivable 2,500 Office Supplies 2,500 Accounts Payable 2,500

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 3.16C

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The shorthand notation on an invoice 2/10, n/30 is called the _______________. Group of answer choices accounts payable debit memo credit terms purchase order
JOURNALIZING SALES RETURNS AND ALLOWANCES Enter the following transactions starting on page 60 of a general journal and post them to the appropriate general ledger and accounts receivable ledger accounts. Use account numbers as shown in the chapter. Beginning balance in Accounts Receivable is 3,900. Beginning balances in selected customer accounts are Adams, 850; Greene, 428; and Phillips, 1,018.
Post the transactions from each journal provided, Sales, Cash Receipts and General, into the appropriate customer accounts in the Accounts Receivable Subsidiary ledger. Each journal.
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My Profile It easter for your to enter the appropriate information into the provided receipt templates. Transactions Date: 31/05/2013 31/05/2013 Details Dr Cr Balance John Jones Ch no 1444 James Smithson Ch no 1443 $ 3723.15 $56,900.00 $ 1841.00 31/05/2013 General Account chq no 1445 20/05/2013 General Account chq no 1442 20/05/2013 Reddy & Co Chq no 1441 $485.85 $14,732.50 $ 38,767.50 $ 60,623.15 $62,464.15 15/05/2013 Deposit $1,350.00 $62,950.00 $77,682.50 $116,450.00 Question 13/05/2013 Deposit $2,000.00 $115,100.00 08/05/2013 Deposit 07/05/2013 Deposit $1,200.00 $113,100.00 $56,900.00 $111,900.00 07/05/2013 Deposit $1,500.00 $55,000.00 05/05/2013 Adjustment Dis chq $1,500.00 $53,500.00 03/05/2013 Deposit $1,500.00 $55,000.00 03/05/2013 Agnew & Fortescue ch no 1439 $28,110.00 $53,500.00 03/05/2013 General Account Ch no 1440 $10,690.00 $81,610.00 01/05/2013 Opening Balance $92,300.00 Jump to... CPPREP450 Linka By " You musepad consisting of a separateden Hobe account for coch at he…
Two transactions were posted to the following creditor's account: NAME Windsurf, Inc.ADDRESS 343 Coastline Road Date Item Post Ref Debit Credit Balance Aug. 1 Balance 427 8 Invoice No. 333 CP89 427 0 15 Invoice No. 567 P18 1,177 1,177 Describe each transaction and the source of each posting. Aug. 8 Payment of $ ______to Windsurf, Inc. on account. Aug. 15 Purchased $ ______of supplies on account from Windsurf, Inc.
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Journalizing Purchases Returns and Allowances and Posting to General Ledger and Accounts Payable Ledger Transactions for July and the beginning balances for selected general ledger and accounts payable ledger accounts are shown. July 7 Returned merchandise to Starcraft Industries, $750. 15 Returned merchandise to XYZ, Inc., $530. 27 Returned merchandise to Datamagic, $820. General Ledger Account No. Account Balance July 1, 20-- 202 Accounts Payable $10,640 501.1 Purchases Returns and Allowances Accounts Payable Ledger Name Balance July 1, 20-- Datamagic $2,680 Starcraft Industries 4,310 XYZ, Inc. 3,650 Required: Using page 3 of a general journal and the general ledger accounts and accounts payable ledger accounts, journalize and post the transactions. GENERAL JOURNAL PAGE 3 DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Jul. 7 Jul. 15 Jul. 27 GENERAL LEDGER ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20-- Jul. 1 Balance 10,640.00
The journal entry to record the receipt of a payment from customer within the discount period on a sale of $2325 with terms of 3/10, n/30 will include a credit to O a. Sales discounts for $70 O b. Accounts receivable for $2325 O c. Sales Revenue for $2325 O d. Cash for $2255
Accounts Receivable Subsidiary Ledger The debits and credits from two transactions are presented in the following customer account: NAME Horizon Entertainment ADDRESS 125 Wycoff Ave. Debit Credit Date Item Post. Ref. Balance Feb. 1 Balance 280 Feb. 22 Invoice No. 422 CR106 120 160 Feb. 27 Invoice No. 445 R92 170 330 Select the choice that describes each transaction and the source of each posting. Journal page Date Action Invoice No. Posted From Feb. 22 Feb. 27