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From the accounts receivable ledger, prepare a schedule of accounts receivable for Jenn's Country Store as...
The accounts receivable ledger for Country Barn Antiques follows below. Name: Cindy Anderson Address: 917 Broadway,...
The accounts receivable ledger for Country Barn Antiques follows below. Name: Cindy Anderson Address: 917 Broadway, New York, NY 10018 Post Balance Ref. Debit Credit Date Description 2019 Jan.1 Balance 1,475 2 Sales Slip 1801 2,015 s1 540 Name: Edward Charleston Address: 2022 5th Avenue, New York, NY 10018 Post Description Credit Balance Date Ref. Debit 2019 Jan. 1 Balance 378 27 Sales Slip 1824 51 189 567 31 CR1 184 383 Name: Neal Feingold Address: 98 Houston Street, New...
Instructions Schedule of Accounts Payable 1. Prepare a schedule of accounts payable for Frank's Fantasy as...
Instructions Schedule of Accounts Payable 1. Prepare a schedule of accounts payable for Frank's Fantasy as of July 31, 20- 2. Which of these steps do you follow to verify that the accounts payable account balance in the general ledger agrees with the schedule of accounts payable total? b. Verify the total of the schedule. b. Verify the postings to the accounts payable ledger c. Verify the postings to the purchases journal 11. Verify the postings to the accounts payable...
Post information from the journals in Part 2 to the general ledger and the accounts receivable...
Post information from the journals in Part
2 to the general ledger and the accounts receivable and accounts
payable subsidiary ledgers.
Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar. 1 Purchased $40,000 of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice No. 854, for $16,000 (cost is $8,000). 3 (a) Purchased $1,200 of office...
Post information from the journals in Part 2 to the general ledger and the accounts receivable and accounts payable sub...
Post information from the journals in Part 2 to the
general ledger and the accounts receivable and accounts payable
subsidiary ledgers.
Required information Problem 7-1A Special journals, subsidiary ledgers, trial balance-perpetual LO C3, P1, P2 The following information applies to the questions displayed below.) Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 3/10, n/30). Mar. 14 1 Purchased $38,000 of merchandise from Van Industries, invoice dated March 1,...
Sales Journal, Cash Receipts Journal, and General Journal Owens Distributors is a retail business...
Sales Journal, Cash Receipts Journal, and General Journal
Owens Distributors is a retail business. The following sales,
returns, and cash receipts occurred during March 20--. There is an
8% sales tax. Beginning general ledger account balances were Cash,
$9,774; and Accounts Receivable, $1034.00. Beginning customer
account balances were Thompson Group, $1034.00.
Mar. 1
Sold merchandise to Able & Co., $1,843, plus sales tax.
Sale No. 33C.
3
Sold merchandise to R. J. Kalas, Inc., $2,274, plus sales tax.
Sale No....
On September 1, the balance of the Accounts Receivable control account in the general ledger of...
On September 1, the balance of the Accounts Receivable control
account in the general ledger of Carla Vista Company was $11,030.
The customers’ subsidiary ledger contained account balances as
follows: Hurley $1,500, Andino $2,720, Fowler $1,960, and Sogard
$4,850. At the end of September, the various journals contained the
following information.
Sales journal:
Sales to Sogard $730, to Hurley $1,180, to Giambi $1,220, and
to Fowler $1,220.
Cash receipts journal:
Cash received from Fowler $1,270, from Sogard $2,370, from
Giambi...
39. The Posting Reference column of the journal provides a cross-reference between the a ledger and...
39. The Posting Reference column of the journal provides a cross-reference between the a ledger and accounts. b. journal and ledger. c. ledger and financial statements. d journal and financial statements. 40. If cash is paid for office rent, the transaction includes 2. debiting Rent Expense and crediting Cash. b. debiting Rent Expense and crediting Accounts Payable. c. debiting Rent Expense and crediting Capital. d. debiting Cash and crediting Rent Expense. 41. Tom Edwards opened an auto repair business on...
The purchases journal for J. K. Insurance for the month of October is represented below. Accounts...
The purchases journal for J. K. Insurance for the month of October is represented below. Accounts Payable is account number 202 and Purchases is account number 501. PURCHASES JOURNAL Page 5 Date Invoice No. From Whom Purchased Post Ref. Purchases Debit/ Accounts Payable Credit Oct. 2 3118 Express Florist √ 3,550.00 4 3119 T. C. S. Supplies √ 2,790.00 8 3120 Auto Body Repair √ 3,850.00 9 3121 Signs Unlimited √ 4,150.00 10 3122 Dynasty Limo √ 2,380.00 15 3123...
11/23/18 12/13/18 Provided services for customers and billed them $14,000. Received $2,000 from customers in payment...
11/23/18 12/13/18 Provided services for customers and billed them $14,000. Received $2,000 from customers in payment on their account. Post Page 67 Credit Date Description Ref. Debit GENERAL LEDGER Cash Date Item Post. Ref. Debit Credit Balance Debit Credit 45,500 11/01/18 Balance Accounts Receivable Date Item Post. Ref. Debit Credit Balance Debit Credit Sales Revenue Date Post. Ref. Item 401 Balance Debit Credit Debit Credit
Enter the beginning balances in the ledger The Starr Theater, owned by Meg Vargo, will begin...
Enter the beginning balances in the ledger
The Starr Theater, owned by Meg Vargo, will begin operations in March. The Starr will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Starr showed: Cash $2,950, Land $24,000, Buildings (concession stand, projection room, ticket booth, and screen) $12,000, Equipment $12,000, Accounts Payable $7.400, and Owner's Capital $43,550. During the month of March, the following events and transactions occurred, Mar....
The accounts receivable ledger for Country Barn Antiques follows below. Name: Cindy Anderson Address: 917 Broadway, New York, NY 10018 Post Balance Ref. Debit Credit Date Description 2019 Jan.1 Balance 1,475 2 Sales Slip 1801 2,015 s1 540 Name: Edward Charleston Address: 2022 5th Avenue, New York, NY 10018 Post Description Credit Balance Date Ref. Debit 2019 Jan. 1 Balance 378 27 Sales Slip 1824 51 189 567 31 CR1 184 383 Name: Neal Feingold Address: 98 Houston Street, New...
Instructions Schedule of Accounts Payable 1. Prepare a schedule of accounts payable for Frank's Fantasy as of July 31, 20- 2. Which of these steps do you follow to verify that the accounts payable account balance in the general ledger agrees with the schedule of accounts payable total? b. Verify the total of the schedule. b. Verify the postings to the accounts payable ledger c. Verify the postings to the purchases journal 11. Verify the postings to the accounts payable...
Post information from the journals in Part
2 to the general ledger and the accounts receivable and accounts
payable subsidiary ledgers.
Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar. 1 Purchased $40,000 of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice No. 854, for $16,000 (cost is $8,000). 3 (a) Purchased $1,200 of office...
Post information from the journals in Part 2 to the
general ledger and the accounts receivable and accounts payable
subsidiary ledgers.
Required information Problem 7-1A Special journals, subsidiary ledgers, trial balance-perpetual LO C3, P1, P2 The following information applies to the questions displayed below.) Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 3/10, n/30). Mar. 14 1 Purchased $38,000 of merchandise from Van Industries, invoice dated March 1,...
Sales Journal, Cash Receipts Journal, and General Journal
Owens Distributors is a retail business. The following sales,
returns, and cash receipts occurred during March 20--. There is an
8% sales tax. Beginning general ledger account balances were Cash,
$9,774; and Accounts Receivable, $1034.00. Beginning customer
account balances were Thompson Group, $1034.00.
Mar. 1
Sold merchandise to Able & Co., $1,843, plus sales tax.
Sale No. 33C.
3
Sold merchandise to R. J. Kalas, Inc., $2,274, plus sales tax.
Sale No....
On September 1, the balance of the Accounts Receivable control
account in the general ledger of Carla Vista Company was $11,030.
The customers’ subsidiary ledger contained account balances as
follows: Hurley $1,500, Andino $2,720, Fowler $1,960, and Sogard
$4,850. At the end of September, the various journals contained the
following information.
Sales journal:
Sales to Sogard $730, to Hurley $1,180, to Giambi $1,220, and
to Fowler $1,220.
Cash receipts journal:
Cash received from Fowler $1,270, from Sogard $2,370, from
Giambi...
39. The Posting Reference column of the journal provides a cross-reference between the a ledger and accounts. b. journal and ledger. c. ledger and financial statements. d journal and financial statements. 40. If cash is paid for office rent, the transaction includes 2. debiting Rent Expense and crediting Cash. b. debiting Rent Expense and crediting Accounts Payable. c. debiting Rent Expense and crediting Capital. d. debiting Cash and crediting Rent Expense. 41. Tom Edwards opened an auto repair business on...
11/23/18 12/13/18 Provided services for customers and billed them $14,000. Received $2,000 from customers in payment on their account. Post Page 67 Credit Date Description Ref. Debit GENERAL LEDGER Cash Date Item Post. Ref. Debit Credit Balance Debit Credit 45,500 11/01/18 Balance Accounts Receivable Date Item Post. Ref. Debit Credit Balance Debit Credit Sales Revenue Date Post. Ref. Item 401 Balance Debit Credit Debit Credit
Enter the beginning balances in the ledger
The Starr Theater, owned by Meg Vargo, will begin operations in March. The Starr will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Starr showed: Cash $2,950, Land $24,000, Buildings (concession stand, projection room, ticket booth, and screen) $12,000, Equipment $12,000, Accounts Payable $7.400, and Owner's Capital $43,550. During the month of March, the following events and transactions occurred, Mar....
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