Horngren's Accounting: The Managerial Chapters, Student Value Edition (12th Edition)

12th Edition

ISBN: 9780134491509

Author: MILLER-NOBLES, Tracie L., Mattison, Brenda L., Matsumura, Ella Mae

Publisher: PEARSON

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Textbook Question

Chapter 7, Problem S7.9SE

Posting transactions from a purchases journal to a subsidiary ledger and general ledger

Learning Objective 3

Review your results from Short Exercises $7-8.

Requirements

Total each column of purchases journal.
Open the following four-column accounts in the accounts payable subsidiary ledger: Accounts Payable-Bird Co.; Accounts Payable-Mayer Co.; Accounts Payable-Silly Co.. Post the transactions to the accounts payable subsidiary ledger.
Open the following selected four-column accounts in the general ledger: Merchandise Inventory (115), Office Supplies (116); Furniture (151); Accounts Payable (211). Post the total of each column to the general ledger. Also, post the Other Accounts column to the general ledger.
Balance the total of the customer ending balances in the accounts payable subsidiary ledger against Accounts Payable in the general ledger.

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Chapter 7, Problem S7.8SE

Chapter 7, Problem S7.10SE

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Chapter 7 Solutions

Horngren's Accounting: The Managerial Chapters, Student Value Edition (12th Edition)

Ch. 7 - Which of the following benefits of an effective...Ch. 7 - Prob. 2QC Ch. 7 - Which of the following is not a special journal?...Ch. 7 - Mountain Day Spa sold merchandise inventory on...Ch. 7 - Prob. 5QC Ch. 7 - Centex Sound Systems purchased merchandise...Ch. 7 - Every transaction recorded in the cash payments...Ch. 7 - Prob. 8QC Ch. 7 - Which is a disadvantage of an enterprise resource...Ch. 7 - Prob. 1RQ

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