Match the following partial list of column headings for Mia Frezells synoptic journal Use only one number for each letter 1 Cash Dr 2 Accounts Payable Dr 3 Purchases Discounts Cr 4 Sundry Cr 5 Purchases Dr a Records purchases made on account or with cash b Records amounts paid to creditors c Record...

Match the following partial list of column headings for Mia Frezells synoptic journal. Use only one number

Question:

Match the following partial list of column headings for Mia Frezell’s synoptic journal. Use only one number for each letter.
1. Cash Dr.
2. Dr.
3. Purchases Discounts Cr.
4. Sundry Cr.
5. Purchases Dr.
______ a. Records purchases made on account or with cash.
______ b. Records amounts paid to creditors.
______ c. Records sales made for cash.
______ d. Records the amounts of supplier discounts taken by Frezell.
______ e. Records amounts for the infrequent purchase of vehicles.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...