ENOWV2 | Online teachin xQUnit 3 Review Flashcards | Quizle xAssignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator=&inprogress3falseRequlred:1. Post the information in the purchases journal to the appropriate general ledger and accounts payable ledger accounts. If an amount box does not requirean entry, leave it blank. Enter transactions in chronological order.GENERAL LEDGERAccount: Accounts PayableAccount No. 202BalanceDateItem Post Ref.DebitCreditDebltCreditP6Account: PurchasesAccount No. 501BalanceDateItem Post Ref.DebitCreditDebitCreditP6ACCOUNTS PAYABLE LEDGERAccount: Highlander Co.DateItem Post Ref.DebitCreditBalanceP6Account: Longo Co.Check My Work 1 more Check My Work uses remaining.PreviousNext v2 | Online teachin xQUnit 3 Review Flashcards | Quizle xnment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress-falsee purchases journal for Trail Blazers for the month of April is presented below. Accounts Payable is account number 202 and Purchases is account numberPURCHASES JOURNALPage 6Purchases Deblt/Accounts Payableate Involce No. From Whom Purchased Post Ref.Creditr. 21122Longo Co.4,851.0041123Middle County Suppliers4,675.008.1124Pueblo Crafts2,970.001125Highlander Co.3,528.00101126Pearl Art Supply1,530.00151127Middle County Suppliers1,100.0018,654.00quired:Post the information in the purchases journal to the appropriate general ledger and accounts payable ledger accounts. If an amount box does not requireentry, leave it blank. Enter transactions in chronological order.GENERAL LEDGERccount: Accounts PayableAccount No. 202BalanceDateItem Post Ref.DebitCreditDebitCreditck My Work 1 more Check My Work uses remaining.PreviousNext

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Description: ENOWV2 | Online teachin xQUnit 3 Review Flashcards | Quizle xAssignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator=&inprogress3falseRequlred:1. Post the information in the purchases journal to the appropriate general ledger and acc

In accounting, a ledger is a record-keeping system that contains all of a company's financial…

Business

Accounting

urchases journal for Trail Blazers for the month of April is presented below. Accounts Payable is account number 202 and Purchases is account numbe PURCHASES JOURNAL Page 6 Purchases Debit/ Accounts Payable e Involce No. From Whom Purchased Post Ref. Credit 1122 Longo Co. 4,851.00 4 1123 Middle County Suppliers 4,675.00 1124 Pueblo Crafts 2,970.00 1125 Highlander Co. 3,528.00 1126 Pearl Art Supply 1,530.00 1127 Middle County Suppliers 1,100.00 18,654.00 Ired: st the information in the purchases journal to the appropriate general ledger and accounts payable ledger accounts. If an amount box does not requir ntry, leave it blank. Enter transactions in chronological order. GENERAL LEDGER ount: Accounts Payable Account No. 202 Balance Date Item Post Ref. Debit Credit Debit Credit

urchases journal for Trail Blazers for the month of April is presented below. Accounts Payable is account number 202 and Purchases is account numbe PURCHASES JOURNAL Page 6 Purchases Debit/ Accounts Payable e Involce No. From Whom Purchased Post Ref. Credit 1122 Longo Co. 4,851.00 4 1123 Middle County Suppliers 4,675.00 1124 Pueblo Crafts 2,970.00 1125 Highlander Co. 3,528.00 1126 Pearl Art Supply 1,530.00 1127 Middle County Suppliers 1,100.00 18,654.00 Ired: st the information in the purchases journal to the appropriate general ledger and accounts payable ledger accounts. If an amount box does not requir ntry, leave it blank. Enter transactions in chronological order. GENERAL LEDGER ount: Accounts Payable Account No. 202 Balance Date Item Post Ref. Debit Credit Debit Credit

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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Enter the following transactions in the appropriate journal (purchases journal and cash payment journal) *October 11 Purchased merchandise from Lafferty Company, $500 on account, credit terms 1/15, n/45. Invoice No. 65. *15 Purchased merchandise from Alsted, Inc., $400 cash. Check No. 751. * 21 Paid amount due Lafferty Company, less discount. Check No. 752.
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record any necessary journal entries for Mary’s Hat Shop April 10 Mary's Hat Shop purchases $2500 worth of merchandise with cash from a manufacturer. Shipping charges are an extra $120.00 cash. Termsof the purchase are FOB shipping point. April 14 Mary’s Hat Shop sells $3,000 worth of merchandise to a customer who pays with cash. The merchandise has a cost to Mary’s of $1,800. Shipping charges are an extra $120 cash. Terms of the sale are FOB Shipping Point. Assume the perpetual inventory system is used.