the general ledger account that corresponds to a subsidiary ledger account is known as a (n)...
the general ledger account that corresponds to a subsidiary ledger account is known as a (n)
A)dependent account. B)attribute account. C)credit account . D)control account
Homework Answers
D) Control Accounts
A control account, often called a controlling account, is a general ledger account that summarizes and combines all of the subsidiary accounts for a specific type. In other words, it’s a summary account that equals the sum of the subsidiary account and is used to simplify and organize the general ledger.
Add Answer to:
the general ledger account that corresponds to a subsidiary
ledger account is known as a (n)...
The general ledger account representing the subsidiary ledger is known as a control account because: Select...
The general ledger account representing the subsidiary ledger is known as a control account because: Select one: a. Inclusion of both control accounts and subsidiary ledger accounts in the general ledger improves control b. the accuracy of the detailed accounts in the subsidiary ledger can be checked against the aggregate data and the balance contained in it c. both of the above are correct d. none of the above are correct
Which of the following general ledger accounts will have a subsidiary ledger account? Cost of Goods...
Which of the following general ledger accounts will have a subsidiary ledger account? Cost of Goods Sold account Joe’s Accounts Receivable subsidiary account Operating Expenses account Work-in-Process Control account
question 4 Able Fastners Co. has a balance in its Accounts Receivable general ledger control account of S 10,000 on January 1, 2019. The subsidiary ledger contains three vendor nts: Jones Company, bal...
question 4
Able Fastners Co. has a balance in its Accounts Receivable general ledger control account of S 10,000 on January 1, 2019. The subsidiary ledger contains three vendor nts: Jones Company, balance of s 3,000; Keller Company, balance of $ 1,000, arson Company. The combined subsidiary ledger account balances of Jones 4 Com om,Keller Company, and Larson Company at January 1, 2019 agree to the Accounts unts receivable general ledger control account balance at such date. During January 2019,...
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...
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...
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 (a-e) Clear All Accounts payable subsidiary ledger Accounts Payable Cr. Adjustment for expired insurance Payments to creditors on account No subsidiary ledger posting Accounts receivable subsidiary ledger Accounts Receivable Cr. Sales on account Collections from customers Accounts payable subsidiary ledger Accounts Payable Dr. on account Accounts receivable subsidiary ledger Accounts Receivable Purchases on account Dr.
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
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...
Questions 1.Signify the item that represents an example of a subsidiary ledger. a) The accounts receivable...
Questions 1.Signify the item that represents an example of a subsidiary ledger. a) The accounts receivable general ledger account b) An accounts payable journal entry c) Supporting detail of individual vendor balances that comprise the total balance of accounts payable d) A list of all general ledger accounts e) A list of all controlling accounts 2.Signify the item that most accurately and completely describes a subsidiary ledger. a) A controlling account b) Supporting detail behind a general ledger account c)...
when the sum of all entries in the subsidiary ledger equals the balance in the corresponding...
when the sum of all entries in the subsidiary ledger equals the balance in the corresponding general ledger account , it is assumed that . A) all source documents were recorded . B) no errors exist in the subsidiary ledger . C) the recording processes were accurate . D) adjusting entries are not required .
The general ledger account representing the subsidiary ledger is known as a control account because: Select one: a. Inclusion of both control accounts and subsidiary ledger accounts in the general ledger improves control b. the accuracy of the detailed accounts in the subsidiary ledger can be checked against the aggregate data and the balance contained in it c. both of the above are correct d. none of the above are correct
question 4
Able Fastners Co. has a balance in its Accounts Receivable general ledger control account of S 10,000 on January 1, 2019. The subsidiary ledger contains three vendor nts: Jones Company, balance of s 3,000; Keller Company, balance of $ 1,000, arson Company. The combined subsidiary ledger account balances of Jones 4 Com om,Keller Company, and Larson Company at January 1, 2019 agree to the Accounts unts receivable general ledger control account balance at such date. During January 2019,...
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...
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...
Match each subsidiary ledger and general ledger posting to one of the descriptions of activities (a-e) Clear All Accounts payable subsidiary ledger Accounts Payable Cr. Adjustment for expired insurance Payments to creditors on account No subsidiary ledger posting Accounts receivable subsidiary ledger Accounts Receivable Cr. Sales on account Collections from customers Accounts payable subsidiary ledger Accounts Payable Dr. on account Accounts receivable subsidiary ledger Accounts Receivable Purchases on account Dr.
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
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...
Most questions answered within 3 hours.
-
Write a psudocode:
1. Define a function called authorize that takes in 2 strings,
uName, and...
asked 1 minute from now -
What mass of ethylene glycol (C2H6O2) must be added to 211.0 g
of water to obtain...
asked 2 seconds ago -
Mary's employer has a defined benefits retirement plan, which
pay 3.2% of her last year's salary...
asked 3 minutes ago -
What are the characteristics and behavior of an ethical
manager?
Explain, in your words, what ethics...
asked 20 minutes ago -
1. Which of the following is NOT an argument that McMahan uses
to show that jus...
asked 41 minutes ago -
A crate slides up a frictionless slope. At the end of 3 seconds
its velocity is...
asked 58 minutes ago -
Use the following information to answer the next seven
questions.
Suppose there are three potential states...
asked 54 minutes ago -
If we only have interstitial and substitutional diffusion, then
what do we consider the process of...
asked 1 hour ago -
You look at yourself in a shiny 9.6-cm-diameter Christmas tree
ball.
If your face is 21.0...
asked 1 hour ago -
If we were to measure the relaxation time of a muscle after
undergoing tetanus compared to...
asked 1 hour ago -
4CO(g) + 8H2(g) -----> 3CH4(g) +
CO2(g) + 2H2O(l)
Use the following data as needed to...
asked 1 hour ago -
without using map
1. Write a C++ program to find out the top 10 words in...
asked 1 hour ago