Homework Answers
| Accounts payable subsidiary ledger / Accounts payable Cr. | Purchases on account |
| No subsidiary ledger posting | Adjustment for expired insurance |
| Accounts receivable subsidiary ledger / Accounts receivable Cr. | Collections from customers on account. |
| Accounts payable subsidiary ledger/ Accounts payable Dr. | Payment to creditors on account |
| Accounts receivable subsidiary ledger/ Accounts receivable Dr. | Sales on account |
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Match each subsidiary ledger and general ledger posting to one of the descriptions of activities (a-e)...
Match each subsidiary ledger and general ledger posting to one of the descriptions of activities Clear...
Match each subsidiary ledger and general ledger posting to one of the descriptions of activities Clear All Collections from customers on account No subsidiary ledger posting Adjustment for expired insurance Accounts receivable subsidiary ledger/Accounts Receivable Dr. Payments to creditors on account Accounts payable subsidiary ledger/Accounts Payable Dr. Accounts receivable subsidiary ledger/Accounts Receivable Cr Purchases on account Accounts payable subsidiary ledger/Accounts Payable Cr Sales 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 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...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2-30 are as follows: Apr. 2. Issued Invoice No. 793 to Ohr Co., $4,680. Apr. 5. Received cash from Mendez Co. for the balance owed on its account. Apr. 6. Issued Invoice No. 794 to Pinecrest Co., $1,990. Apr. 13. Issued Invoice No. 795 to Shilo Co., $3,450. Post revenue and collections...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2–30 are as follows: Apr. 2. Issued Invoice No. 793 to Ohr Co., $6,260. Apr. 5. Received cash from Mendez Co. for the balance owed on its account. Apr. 6. Issued Invoice No. 794 to Pinecrest Co., $2,260. Apr. 13. Issued Invoice No. 795 to Shilo Co., $3,360. Post revenue and collections...
Need help with question 2 AND 3. Exercise 7-10 Posting to subsidiary ledger accounts; preparing a...
Need help with question 2 AND 3.
Exercise 7-10 Posting to subsidiary ledger accounts; preparing a schedule of accounts receivable LO P2 At the end of May, the sales journal of Mountain View appears as follows. Assume beginning inventory balance for May to be $20,000 Accounts Receivable Dr Cost of Goods Sold Dr Inventory Cr Tnvoice Account Debited May 6 Aaron Reckers Date Number PR 190 191 192 193 ales Cr 3, 880 940 1, 850 1, 340 10, 010...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and...
Revenue and cash receipts journals; accounts receivable
subsidiary and general ledgers Transactions related to revenue and
cash receipts completed by Crowne Business Services Co. during the
period April 2–30 are as follows: Apr. 2. Issued Invoice No. 793 to
Ohr Co., $6,960. Apr. 5. Received cash from Mendez Co. for the
balance owed on its account. Apr. 6. Issued Invoice No. 794 to
Pinecrest Co., $2,510. Apr. 13. Issued Invoice No. 795 to Shilo
Co., $3,740. Post revenue and collections...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2–30 are as follows: Apr. 2. Issued Invoice No. 793 to Ohr Co., $6,730. Apr. 5. Received cash from Mendez Co. for the balance owed on its account. Apr. 6. Issued Invoice No. 794 to Pinecrest Co., $2,420. Apr. 13. Issued Invoice No. 795 to Shilo Co., $3,610. Post revenue and collections...
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...
Please help. 1. Postings to the control accounts in the general ledger are made a. annually...
Please help.
1. Postings to the control accounts in the general ledger are made a. annually b. daily. c. monthly d. weekly 2. The balance of a control account in the general ledger a. must always be zero. b. must equal the amount of total assets. c. is always greater than the composite balance of individual accounts in a related subsidiary ledger. d. must equal the composite balance of individual accounts in a related subsidiary ledger. 3. Postings are made...
Revenue and Cash Receipts Journals; Accounts Receivable subsidiary and General Ledgers Transactions related to revenue and...
Revenue and Cash Receipts Journals; Accounts Receivable subsidiary and General Ledgers Transactions related to revenue and cash receipts completed by Affiliate Engineering Services during the period June 2–30 are as follows: June 2. Issued Invoice No. 717 to Yee Co., $2,210. 3. Received cash from Auto-Flex Co. for the balance owed on its account. 7. Issued Invoice No. 718 to Cooper Development Co., $1,040. 10. Issued Invoice No. 719 to Ridge Communities, $4,390. Post revenue and collections to the accounts...
Match each subsidiary ledger and general ledger posting to one of the descriptions of activities Clear All Collections from customers on account No subsidiary ledger posting Adjustment for expired insurance Accounts receivable subsidiary ledger/Accounts Receivable Dr. Payments to creditors on account Accounts payable subsidiary ledger/Accounts Payable Dr. Accounts receivable subsidiary ledger/Accounts Receivable Cr Purchases on account Accounts payable subsidiary ledger/Accounts Payable Cr Sales on account
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...
Revenue and cash receipts journals; accounts receivable subsidiary and general ledgers Transactions related to revenue and cash receipts completed by Crowne Business Services Co. during the period April 2-30 are as follows: Apr. 2. Issued Invoice No. 793 to Ohr Co., $4,680. Apr. 5. Received cash from Mendez Co. for the balance owed on its account. Apr. 6. Issued Invoice No. 794 to Pinecrest Co., $1,990. Apr. 13. Issued Invoice No. 795 to Shilo Co., $3,450. Post revenue and collections...
Need help with question 2 AND 3.
Exercise 7-10 Posting to subsidiary ledger accounts; preparing a schedule of accounts receivable LO P2 At the end of May, the sales journal of Mountain View appears as follows. Assume beginning inventory balance for May to be $20,000 Accounts Receivable Dr Cost of Goods Sold Dr Inventory Cr Tnvoice Account Debited May 6 Aaron Reckers Date Number PR 190 191 192 193 ales Cr 3, 880 940 1, 850 1, 340 10, 010...
Revenue and cash receipts journals; accounts receivable
subsidiary and general ledgers Transactions related to revenue and
cash receipts completed by Crowne Business Services Co. during the
period April 2–30 are as follows: Apr. 2. Issued Invoice No. 793 to
Ohr Co., $6,960. Apr. 5. Received cash from Mendez Co. for the
balance owed on its account. Apr. 6. Issued Invoice No. 794 to
Pinecrest Co., $2,510. Apr. 13. Issued Invoice No. 795 to Shilo
Co., $3,740. Post revenue and collections...
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...
Please help.
1. Postings to the control accounts in the general ledger are made a. annually b. daily. c. monthly d. weekly 2. The balance of a control account in the general ledger a. must always be zero. b. must equal the amount of total assets. c. is always greater than the composite balance of individual accounts in a related subsidiary ledger. d. must equal the composite balance of individual accounts in a related subsidiary ledger. 3. Postings are made...
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