Homework Help is Here – Start Your Trial Now!
Business
Accounting
Using the following cash payments journal, identify each of the posting references, indicated by a letter, as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary ledger account, or (3) that No posting is required. CASH PAYMENTS JOURNAL Page 46 Date Ck. No. Account Debited Post. Ref. Other Accounts Dr. Accounts Payable Dr. Cash Cr. 20Y1                 July 3 611 Energy Systems Co. (a)     4,000   4,000 July 5 612 Utilities Expense (b) 310       310 July 10 613 Prepaid Rent (c) 3,200       3,200 July 16 614 Flowers to Go, Inc. (d)     1,250   1,250 July 19 615 Advertising Expense (e) 640       640 July 22 616 Office Equipment (f) 3,600       3,600 July 25 617 Echo Co. (g)     5,500   5,500 July 26 618 Office Supplies (h) 250       250 July 31 619 Salaries Expense (i) 1,750       1,750 July 31       9,750   10,750   20,500         (j)   (k)   (l)   Post reference represents: a.   b.   c.   d.   e.   f.   g.   h.   i.   j.   k.   l.

Using the following cash payments journal, identify each of the posting references, indicated by a letter, as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary ledger account, or (3) that No posting is required. CASH PAYMENTS JOURNAL Page 46 Date Ck. No. Account Debited Post. Ref. Other Accounts Dr. Accounts Payable Dr. Cash Cr. 20Y1                 July 3 611 Energy Systems Co. (a)     4,000   4,000 July 5 612 Utilities Expense (b) 310       310 July 10 613 Prepaid Rent (c) 3,200       3,200 July 16 614 Flowers to Go, Inc. (d)     1,250   1,250 July 19 615 Advertising Expense (e) 640       640 July 22 616 Office Equipment (f) 3,600       3,600 July 25 617 Echo Co. (g)     5,500   5,500 July 26 618 Office Supplies (h) 250       250 July 31 619 Salaries Expense (i) 1,750       1,750 July 31       9,750   10,750   20,500         (j)   (k)   (l)   Post reference represents: a.   b.   c.   d.   e.   f.   g.   h.   i.   j.   k.   l.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

  1. Using the following cash payments journal, identify each of the posting references, indicated by a letter, as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary ledger account, or (3) that No posting is required.

    CASH PAYMENTS JOURNAL Page 46


    Date
    Ck.
    No.

    Account Debited
    Post.
    Ref.    		 Other
    Accounts
    Dr.    		 Accounts
    Payable
    Dr.

    Cash Cr.
    20Y1                
    July 3 611 Energy Systems Co. (a)     4,000   4,000
    July 5 612 Utilities Expense (b) 310       310
    July 10 613 Prepaid Rent (c) 3,200       3,200
    July 16 614 Flowers to Go, Inc. (d)     1,250   1,250
    July 19 615 Advertising Expense (e) 640       640
    July 22 616 Office Equipment (f) 3,600       3,600
    July 25 617 Echo Co. (g)     5,500   5,500
    July 26 618 Office Supplies (h) 250       250
    July 31 619 Salaries Expense (i) 1,750       1,750
    July 31       9,750   10,750   20,500
            (j)   (k)   (l)


      Post reference represents:
    a.  
    b.  
    c.  
    d.  
    e.  
    f.  
    g.  
    h.  
    i.  
    j.  
    k.  
    l.  
 

 

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Control Procedures
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS