Using the following purchases 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: Page 49 PURCHASES JOURNAL Other Accounts Dr. Accounts Store Office Post. Payable Supplies Supplies Dr. Post. Date Account Credited Ref. Cr. Dr. Ref. Amount 20Υ9 Warehouse Equipment (g) Jan. 4 Coastal Equipment Co. (a) 5,325 5,325 Arrow Supply Co. (b) 4,000 6 4,000 9 Valley Products (c) 1,875 1,600 275 Office Equipment Store Equipment 14 Office Warehouse (d) (h) 2,200 2,200 20 Office Warehouse (e) 6,000 (i) 6,000 25 Metro Supply Co. (f) 2,740 2,740 4,275 22,140 31 4,340 13,525 (j) (k) (1) (m)
Using the following purchases 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: Page 49 PURCHASES JOURNAL Other Accounts Dr. Accounts Store Office Post. Payable Supplies Supplies Dr. Post. Date Account Credited Ref. Cr. Dr. Ref. Amount 20Υ9 Warehouse Equipment (g) Jan. 4 Coastal Equipment Co. (a) 5,325 5,325 Arrow Supply Co. (b) 4,000 6 4,000 9 Valley Products (c) 1,875 1,600 275 Office Equipment Store Equipment 14 Office Warehouse (d) (h) 2,200 2,200 20 Office Warehouse (e) 6,000 (i) 6,000 25 Metro Supply Co. (f) 2,740 2,740 4,275 22,140 31 4,340 13,525 (j) (k) (1) (m)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Using the following purchases 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:
Page 49
PURCHASES JOURNAL
Other
Accounts
Dr.
Accounts
Store
Office
Post. Payable Supplies Supplies
Dr.
Post.
Date
Account Credited
Ref.
Cr.
Dr.
Ref. Amount
20Υ9
Warehouse Equipment (g)
Jan. 4 Coastal Equipment Co. (a)
5,325
5,325
Arrow Supply Co.
(b)
4,000
6
4,000
9 Valley Products
(c)
1,875
1,600
275
Office Equipment
Store Equipment
14 Office Warehouse
(d)
(h)
2,200
2,200
20 Office Warehouse
(e)
6,000
(i)
6,000
25 Metro Supply Co.
(f)
2,740
2,740
4,275
22,140
31
4,340
13,525
(j)
(k)
(1)
(m)
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