Give an example of a transaction in the general journal that causes an entry to be posted

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Give an example of a transaction in the general journal that causes an entry to be posted twice (i.e., to two accounts), one in the general ledger, the other in the subsidiary ledger. Does this affect the debit/credit equality of the general ledger?

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One such example is a purchase return Here the Accounts Payable c...View the full answer

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Sep 20, 2011 08:16 AM

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Give an example of a transaction in the general journal that causes an entry to be posted

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One such example is a purchase return Here the Accounts Payable c...View the full answer

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