Which would be the correct posting of the General Journal Entry shown in Figure 3.03 M to the General Ledger? GENERAL JOURNAL Page 11 DOC. POST. GENERAL DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT Jun 9 Supplies-Store M44 1005 220.00 Accts. Pay./Shoe Shack 220.00 Figure 3.03 M Debit Supplies-Store $220; credit Accounts Payable/Shoe Shack, $220 Debit Supplies-Store $220; credit Accounts Payable-Controlling Account, $220 and Accounts Payable/Shoe Shack, $220 O Debit Accounts Payable-Controlling Account, $220; credit Accounts Payable/Shoe Shack, $220 Debit Accounts Payable/Shoe Shack, $220; credit Supplies-Store $220

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which would be the correct posting of the General Journal Entry shown in Figure 3.03
M to the General Ledger?
GENERAL JOURNAL
Page 11
DOC.
POST.
GENERAL
DATE
ACCOUNT TITLE
NO.
REF.
DEBIT
CREDIT
Supplies-Store
Accts. Pay./Shoe Shack
Jun
M44
1005
220.00
220.00
Figure 3.03 M
Debit Supplies-Store $220; credit Accounts Payable/Shoe Shack, $220
Debit Supplies-Store $220; credit Accounts Payable-Controlling Account, $220 and Accounts
Payable/Shoe Shack, $220
O Debit Accounts Payable-Controlling Account, $220; credit Accounts Payable/Shoe Shack,
$220
O Debit Accounts Payable/Shoe Shack, $220; credit Supplies-Store $220
Transcribed Image Text:Which would be the correct posting of the General Journal Entry shown in Figure 3.03 M to the General Ledger? GENERAL JOURNAL Page 11 DOC. POST. GENERAL DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT Supplies-Store Accts. Pay./Shoe Shack Jun M44 1005 220.00 220.00 Figure 3.03 M Debit Supplies-Store $220; credit Accounts Payable/Shoe Shack, $220 Debit Supplies-Store $220; credit Accounts Payable-Controlling Account, $220 and Accounts Payable/Shoe Shack, $220 O Debit Accounts Payable-Controlling Account, $220; credit Accounts Payable/Shoe Shack, $220 O Debit Accounts Payable/Shoe Shack, $220; credit Supplies-Store $220
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