Selected accounts from the ledgers of Youngblood Company at July 31 showed the following. Instructions From the
Question:
Instructions
From the data prepare:
(a) The single-column purchases journal for July.
(b) The general journal entries forJuly.
Transcribed Image Text:
GENERAL LEDGER Equipment No. 157 Date Explanation Ref. Debit Credit Balance Date xplanation Ref. Debit Credit Balance 3,900 uly 15 Inventory No. 120 July 1 G1 3,900 G1 400 400 300 100 9,400 Accounts Payable No. 201 . DebitCredit Balance 100 200 25 Date E Explanation Ref P1 9,300 3,900 3,900 4,300 25 31 GII 100 G1 200 4,000 9,300 13,300 ACCOUNTS PAYABLE LEDGER Flaherty Equipment Co. Weller Co Date Explanation Ref. Debit Credit Balance Date Explanation Ref. Debit Credit Balance July 1 G1 3,9003,900 July 14 25 P1 G1200 1,100 1,100 900 Marsh Co. Date Explanation Ref. DebitCredit Balance Yates Co. Date lanationRef Dbit Credit Balance 500 1,100 Tuly 3 20 P1 P1 2,400 2,400 uly 12 21 P1 1,7004,100 500 600 Lange Corp Bernardo Inc. DateExplanation Ref. DebCredit Balance Date Explanation Ref.Deb Cedit Balance uly 17 1,400 1,400 July 15 1,6002,900 G1 Gil 100 400 1,300 29
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Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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