Question

het hy 11 hekta 130 as of February 2012 GENERAL LEDGER

Answer 1

Antwer Jawnalizing and posting_a_T19954ction_10_I- accounts - All the bransachons that first occurred in the business que recorded first in the Journal Journal is also known as Daybook. Tigasections in jowing que recorded is chronological ordern Recording entry in journal is known as Journalizing After japalizing a transacters, the second places t o aucounting is posting Posting means posting of transaction en loy 9070494 in the respective carnt It is helpful though t-accounts to post the entry Posting helps to find out account balance at the ent of respective period In the question, it given that company has paschased supplies on qccount - Jouigelize the_bransaction of Archasing supplies og account Quick Fix Company Journal Enby Partjullaus Post. Reference logte L Debjit. & credit ($21 2250 2/11/19 Supplies Alca - To Accounts payable Ale (Being Supplies purchased en Account Dr. A/c. No 15 Ale No 21 22.50 Total 2250 2250

Company will get Supplies whish is esset hence supplies account is debited 'Also the umply_bqs_purchased on account_which_creates liability. Hence, Accounts payable is Crailsted - bed Entering debit_Aylagce_insupplies account and posting transacht 29 of_febryguy dd 2011._ - General Ledger Account: Supplies Account No 15 I gote | Item I post. I Ref. Transaction Debit credit T I Debit Balance crresit 400 2/1/10 Balance 1201/12) Accounts Payable. Pg No. 73 | 2250 2650 (400 + 2250) ced + Entering credit billage in Of February | 2019 dccounts payable and pasting transaction Account Accounts Accoyol. No. 2) General Ledger payable. post. Transaction Ref: 1 Debit I crevit I pole Item Balance Debir I credit | T - ، وولوهلد//عا 118300 _ Page No 73. - 2250 241/19) Supplies 20550 (18300 +2250)