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The individual amounts in the Accounts Payable Debit column of the cash payments journal are posted...
Purchases and Cash Payments Journals; Accounts Payable Subsidiary and General Ledgers AquaFresh Water Testing Service was...
Purchases and Cash Payments Journals; Accounts Payable
Subsidiary and General Ledgers
AquaFresh Water Testing Service was established on April 16.
AquaFresh uses field equipment and field supplies (chemicals and
other supplies) to analyze water for unsafe contaminants in
streams, lakes, and ponds. Transactions related to purchases and
cash payments during the remainder of April are as follows:
April 16.
Issued Check No. 1 in payment of rent for the remainder of
April, $3,500.
April 16.
Purchased field supplies on account...
Purchases and Cash Payments Journals; Accounts Payable Subsidiary and General Ledgers Aquafresh Water Testing Service was...
Purchases and Cash Payments Journals; Accounts Payable Subsidiary and General Ledgers Aquafresh Water Testing Service was established on Art 16. Aquafresh uses field equipment and field supplies (chemicals and other supplies) to analyze water for unsafe contaminants in streams, lakes, and ponds Transactions related to purchases and cash payments during the remainder of April are as follows: April 16. Issued Check No. 1 in payment of rent for the remainder of April, 53,500 April 16. Purchased field supplies on account...
A company's accounts payable subsidiary ledger consisted of the following customer accounts. A/P-Power Company Debit Credit...
A company's accounts payable subsidiary ledger consisted of the following customer accounts. A/P-Power Company Debit Credit Balance From Purchases Journal 2,200 2,200 From Cash Disbursements Journal 1,000 1,200 A/P-Office Depot Debit Credit Balance From Purchases Journal 14,350 14,350 From Cash Disbursements Journal 5,760 8,590 A/P- Waste Management Debit Credit Balance From Purchases Journal 820 820 From Cash Disbursements Journal 820 What would the balance be in the main accounts payable general ledger control account? $8,590 $10,610 $17,370 $1,200 $9.790
Accounts Payable Subsidiary Ledger The cash payments and purchases journal for Outdoor Artisan Landscaping follow. The...
Accounts Payable Subsidiary Ledger The cash payments and purchases journal for Outdoor Artisan Landscaping follow. The accounts payable control account has a June 1, 20Y1, balance of $4,810, consisting of an amount owed to Augusta Sod Co. CASH PAYMENTS JOURNAL Page 31 Date Ck. No. Account Debited Post Ref. Other Accounts Dr. Accounts Payable Dr. Cash Cr. 20Y1 June 4 203 Augusta Sod Co. √ 4,810 4,810 5 204 Utilities Expense 54 630 630 15 205 Home Centers Lumber Co....
25. The individual accounts with customers ar dividual accounts with customers are included in a subsidiary...
25. The individual accounts with customers ar dividual accounts with customers are included in a subsidiary ledger called the a. asset ledger b. accounts payable ledger c. expense ledger d. accounts receivable ledger 26. A purchase of supplies for cash is recorded in the a. Revenue journal b. Purchases journal C. Cash Receipts journal d. Cash Payments journal 27. A purchase of supplies on account is recorded in the a. Revenue journal b. General journal c. Purchases journal d. Cash...
Multiple Choice Question 86 Which of the following is not a true statement about the daily posting of the sales journal...
Multiple Choice Question 86 Which of the following is not a true statement about the daily posting of the sales journal? O The invoice number supporting the sales transaction is posted to the reference column in the subsidiary ledger. The reference column in the sales journal is checked when the posting is complete for each entry in the journal. O There is no credit posting. O There is a debit posting to accounts in the accounts receivable subsidiary ledger.
Accounts Payable Subsidiary Ledger The cash payments and purchases journal for Outdoor Artisan Landscaping follow. The...
Accounts Payable Subsidiary Ledger The cash payments and purchases journal for Outdoor Artisan Landscaping follow. The accounts payable control account has a June 1, 2011, balance of $4,610, consisting of an amount owed to Augusta Sod Co. CASH PAYMENTS JOURNAL Page 31 Accounts Payable Date Ck. No. Account Debited Post Ref. Other Accounts Dr. Cash Cr. Dr. 2011 4,610 June 4 5 203 204 4,610 600 600 Augusta Sod Co. Utilities Expense Home Centers Lumber Co. Nu Lawn Fertilizer 15...
2 points QUESTION 14 Petty Cash is a large amount of cash kept on hand...
2 points QUESTION 14 Petty Cash is a large amount of cash kept on hand for in-house expenditures. True False 2 points QUESTION 15 In replenishing the Petty Cash account Petty Cash is debited. True False 2 points QUESTION 16 The Purchase Journal is used to handle all purchases of merchandise. True False 2 points QUESTION 17 The General Ledger and the Subsidiary Ledgers is co-equal. True False 2 points QUESTION 18 The Cash Receipts...
Each transaction is posted to various Ledgers and Journals in the accounting system. Identify the Subsidiary Ledger, Journal, and account in the General Ledger for invoices and payments relating to b...
Each transaction is posted to various Ledgers and Journals in the accounting system. Identify the Subsidiary Ledger, Journal, and account in the General Ledger for invoices and payments relating to both creditors and debtors. Debtor Creditor Original transaction Subsidiary Ledger Journal General Ledger Subsidiary Ledger Payment Journal General Ledger
Each transaction is posted to various Ledgers and Journals in the accounting system. Identify the Subsidiary Ledger, Journal, and account in the General Ledger for invoices and payments relating to both...
When using a purchases journal, Select one: a. the "Other Accounts" total is posted to Accounts...
When using a purchases journal, Select one: a. the "Other Accounts" total is posted to Accounts Payable at month's end b. posting to creditor accounts is only done at the end of the month c. all cash and credit purchases are recorded in the journal d. there will always be an "Accounts Payable Cr." column
Purchases and Cash Payments Journals; Accounts Payable
Subsidiary and General Ledgers
AquaFresh Water Testing Service was established on April 16.
AquaFresh uses field equipment and field supplies (chemicals and
other supplies) to analyze water for unsafe contaminants in
streams, lakes, and ponds. Transactions related to purchases and
cash payments during the remainder of April are as follows:
April 16.
Issued Check No. 1 in payment of rent for the remainder of
April, $3,500.
April 16.
Purchased field supplies on account...
Purchases and Cash Payments Journals; Accounts Payable Subsidiary and General Ledgers Aquafresh Water Testing Service was established on Art 16. Aquafresh uses field equipment and field supplies (chemicals and other supplies) to analyze water for unsafe contaminants in streams, lakes, and ponds Transactions related to purchases and cash payments during the remainder of April are as follows: April 16. Issued Check No. 1 in payment of rent for the remainder of April, 53,500 April 16. Purchased field supplies on account...
A company's accounts payable subsidiary ledger consisted of the following customer accounts. A/P-Power Company Debit Credit Balance From Purchases Journal 2,200 2,200 From Cash Disbursements Journal 1,000 1,200 A/P-Office Depot Debit Credit Balance From Purchases Journal 14,350 14,350 From Cash Disbursements Journal 5,760 8,590 A/P- Waste Management Debit Credit Balance From Purchases Journal 820 820 From Cash Disbursements Journal 820 What would the balance be in the main accounts payable general ledger control account? $8,590 $10,610 $17,370 $1,200 $9.790
25. The individual accounts with customers ar dividual accounts with customers are included in a subsidiary ledger called the a. asset ledger b. accounts payable ledger c. expense ledger d. accounts receivable ledger 26. A purchase of supplies for cash is recorded in the a. Revenue journal b. Purchases journal C. Cash Receipts journal d. Cash Payments journal 27. A purchase of supplies on account is recorded in the a. Revenue journal b. General journal c. Purchases journal d. Cash...
Multiple Choice Question 86 Which of the following is not a true statement about the daily posting of the sales journal? O The invoice number supporting the sales transaction is posted to the reference column in the subsidiary ledger. The reference column in the sales journal is checked when the posting is complete for each entry in the journal. O There is no credit posting. O There is a debit posting to accounts in the accounts receivable subsidiary ledger.
Accounts Payable Subsidiary Ledger The cash payments and purchases journal for Outdoor Artisan Landscaping follow. The accounts payable control account has a June 1, 2011, balance of $4,610, consisting of an amount owed to Augusta Sod Co. CASH PAYMENTS JOURNAL Page 31 Accounts Payable Date Ck. No. Account Debited Post Ref. Other Accounts Dr. Cash Cr. Dr. 2011 4,610 June 4 5 203 204 4,610 600 600 Augusta Sod Co. Utilities Expense Home Centers Lumber Co. Nu Lawn Fertilizer 15...
Each transaction is posted to various Ledgers and Journals in the accounting system. Identify the Subsidiary Ledger, Journal, and account in the General Ledger for invoices and payments relating to both creditors and debtors. Debtor Creditor Original transaction Subsidiary Ledger Journal General Ledger Subsidiary Ledger Payment Journal General Ledger
Each transaction is posted to various Ledgers and Journals in the accounting system. Identify the Subsidiary Ledger, Journal, and account in the General Ledger for invoices and payments relating to both...
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