Question 5 Tiny Church Warehouse made the journal entry shown in Figure 3.03 O in their Cash Payments Journal. What is the correct posting of this entry to the general ledger? CASH PAYMENTS JOURNAL Page 22 GENERAL ACCOUNT CK. POST NO. ACCOUNTS PAYABLE DEBIT PURCHASES DISCOUNT CREDIT DATE TITLE REF CASH CREDIT DEBIT CREDIT Nov. 7 Purchases 301 5110 210.00 210.00 Figure 3.03 O Debit Cash, $210; Credit Accounts Payable, $210 Debit Purchases, $210; Credit Accounts Payable $210 O Debit Purchases, $210; credit Cash, $210 d. O Debit Cash, $210; credit Purchases, $210

Question 5 Tiny Church Warehouse made the journal entry shown in Figure 3.03 O in their Cash Payments Journal. What is the correct posting of this entry to the general ledger? CASH PAYMENTS JOURNAL Page 22 GENERAL ACCOUNT CK. POST NO. ACCOUNTS PAYABLE DEBIT PURCHASES DISCOUNT CREDIT DATE TITLE REF CASH CREDIT DEBIT CREDIT Nov. 7 Purchases 301 5110 210.00 210.00 Figure 3.03 O Debit Cash, $210; Credit Accounts Payable, $210 Debit Purchases, $210; Credit Accounts Payable $210 O Debit Purchases, $210; credit Cash, $210 d. O Debit Cash, $210; credit Purchases, $210

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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Make a cash receipts journal using the following transactions and also include the total debits and the total credit.
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ab User Management,... H https://outlook.offi... FES Protection Plan System 7 - North C... Homework Exercises Saved Lewis Corporation engaged in the following transactions during June. DATE TRANSACTIONS 20X1 4 Purchased merchandise on account from Salinas Company; Invoice 100 for $1,005; terms n/30. 15 Recorded purchases for cash, $1,490. 30 Paid amount due to Salinas Company for the purchase on June 4. June Book Required: Record these transactions in a general journal. erences View transaction list Journal entry worksheet 1. 21 3 Paid amount due to Salinas Company for the purchase on June 4. Note: Enter cebits before credits.
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