Match the partial list of column headings for Pete Moores synoptic journal on the next page to

Question:

Match the partial list of column headings for Pete Moore’s synoptic journal on the next page to the statements following the list. Use only one number for each letter.
1. Cash Cr.
2. Cr.
3. Sales Discounts Dr.
4. Sundry Dr./Cr.
5. Sales Cr.
______ a. Reflects amounts owed to creditors.
______ b. Records the amounts of discounts taken by customers.
______ c. Records transactions that do not occur very often.
______ d. Records sales made for cash or on account.
______ e. Records decreases in cash.
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...