Question

PLS POST ALL THE JOURNAL ENTRY FOR THE ABOVE ITEMS. THE ACCOUNTS THAT YOU HAVE TO CONSIDER ARE WRITTEN IN THE LAST PICTURE.

Ile 14 106 JP Racing Corporation 607 West tiu Road Stamford, CT 06010 57-88/121 Date September 11 ender The Hi-Performance Tools Corporation One thousband one hundred and no/00 Dolaros 1,100.00 Stamford First National www.Stamford First 215 Main Street, Stamford, CT 06010 For Payment on Sept. 3 invoice 1742 Jackson Parks 3022711584: 11912 m 47760 - 106°

Answer 1

Since the payment is made to the account payable, entry is as under:

Particulars	Debit	Credit
Account Payables (211)	1100
Cash (111)		1100