OnOctober​10,201X​,CarrolCo. issued debit memorandum no. 1 for $440 to RogerCo. for merchandise returned from invoice no. 312. The merchandise was purchased on account. Your task is to​ journalize, record, and post this transaction as appropriate. Use the perpetual inventory system.   Journalize the transaction. ​(Record debits​ first, then credits. Exclude explanations from journal entries. Ignore posting references for purposes of this​ problem.)   Journal Entry Date Accounts PR Dr. Cr. Oct. 10                                             Record the transaction to the subsidiary ledger account and post to the general ledger accounts. ​(Select the appropriate account names for each ledger. Ignore posting references for purposes of this​ problem.)   Accounts Payable Subsidiary Ledger   General Ledger

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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OnOctober​10,201X​,CarrolCo. issued debit memorandum no. 1 for $440 to RogerCo. for merchandise returned from invoice no. 312. The merchandise was purchased on account. Your task is to​ journalize, record, and post this transaction as appropriate. Use the perpetual inventory system.
 
Journalize the transaction. ​(Record debits​ first, then credits. Exclude explanations from journal entries. Ignore posting references for purposes of this​ problem.)
 
Journal Entry
Date
Accounts
PR
Dr.
Cr.
Oct.
10
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Record the transaction to the subsidiary ledger account and post to the general ledger accounts. ​(Select the appropriate account names for each ledger. Ignore posting references for purposes of this​ problem.)
 
Accounts Payable Subsidiary Ledger
 
General Ledger
         
 
 
 
 
 
 
 
 
         
 
   
 
     
 
 
On October 10, 201X, Carrol Co. issued debit memorandum no. 1 for $440 to Roger Co. for merchandise returned from invoice no. 312. The merchandise was purchased on account. Your task is to journalize, record, and post this transaction as appropriate. Use the perpetual inventory system.
Journalize the transaction. (Record debits first, then credits. Exclude explanations from journal entries. Ignore posting references for purposes of this problem.)
Journal Entry
Date
Accounts
PR
Dr.
Cr.
Oct.
10||
Record the transaction to the subsidiary ledger account and post to the general ledger accounts. (Select the appropriate account names for each ledger. Ignore posting references for purposes of this problem.)
Accounts Payable Subsidiary
Ledger
General Ledger
Transcribed Image Text:On October 10, 201X, Carrol Co. issued debit memorandum no. 1 for $440 to Roger Co. for merchandise returned from invoice no. 312. The merchandise was purchased on account. Your task is to journalize, record, and post this transaction as appropriate. Use the perpetual inventory system. Journalize the transaction. (Record debits first, then credits. Exclude explanations from journal entries. Ignore posting references for purposes of this problem.) Journal Entry Date Accounts PR Dr. Cr. Oct. 10|| Record the transaction to the subsidiary ledger account and post to the general ledger accounts. (Select the appropriate account names for each ledger. Ignore posting references for purposes of this problem.) Accounts Payable Subsidiary Ledger General Ledger
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