123A co4567891011DATEGENERAL JOURNALDESCRIPTION20--May 16 Accounts Payable-Sunshine SuppliersCash in BankCheck 11120 Cash in Bank23 Advertising ExpenseCash in BankCheck 112Accounts Rec.-Tim McGraw, Inc.Receipt 54POST.REF.DEBIT795005250065.00PAGECREDIT37950052 5006500IN234567co loo91011Copyright © by The McGraw-Hill Companies, Inc. All rights reserved. Chapter Test cont.ACCOUNT Cash in BankDATEDESCRIPTION20--May 1 BalanceDATEDESCRIPTIONACCOUNT Accounts Receivable-Tim McGraw, Inc.20--May 1 BalanceGENERAL LEDGERPOST.REF.POST.REF.✓DEBITDEBITACCOUNT Accounts Payable-Sunshine SuppliersCREDITCREDITACCOUNT NO..DEBITBALANCE385000DEBITACCOUNT NO..BALANCE52500CREDIT101ACCOUNT NO..106CREDIT207

After recording the transaction in journal ,they are posted in a ledger. The ledger records…

Answered: V 16 Accounts Payable-Sunshine…

V 16 Accounts Payable-Sunshine Suppliers Cash in Bank Check 111 20 Cash in Bank Accounts Rec.-Tim McGraw, Inc. Receipt 54 23 Advertising Expense Cash in Bank REF. DEBIT 79500 52500 65 00

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 3.6C

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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

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A co
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567
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DATE
GENERAL JOURNAL
DESCRIPTION
20--
May 16 Accounts Payable-Sunshine Suppliers
Cash in Bank
Check 111
20 Cash in Bank
23 Advertising Expense
Cash in Bank
Check 112
Accounts Rec.-Tim McGraw, Inc.
Receipt 54
POST.
REF.
DEBIT
79500
52500
65.00
PAGE
CREDIT
3
79500
52 500
6500
IN
2
3
4
5
6
7
co loo
9
10
11
Copyright © by The McGraw-Hill Companies, Inc. All rights reserved.

Chapter Test cont.
ACCOUNT Cash in Bank
DATE
DESCRIPTION
20--
May 1 Balance
DATE
DESCRIPTION
ACCOUNT Accounts Receivable-Tim McGraw, Inc.
20--
May 1 Balance
GENERAL LEDGER
POST.
REF.
POST.
REF.
✓
DEBIT
DEBIT
ACCOUNT Accounts Payable-Sunshine Suppliers
CREDIT
CREDIT
ACCOUNT NO..
DEBIT
BALANCE
385000
DEBIT
ACCOUNT NO..
BALANCE
52500
CREDIT
101
ACCOUNT NO..
106
CREDIT
207

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