Farbers Fabric Co. of Yellow knife uses a purchases journal (page21) and a general journal (page 32)

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Farber’s Fabric Co. of Yellow knife uses a purchases journal (page21) and a general journal (page 32) to record the following transactions (continued from July).

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The fabric store has decided to keep a purchases journal. The account balances as of August 1, 2012, are as follows:
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Required
a. Journalize the transactions.
b. Post and record as appropriate.
c. Prepare a schedule of accounts payable.
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Related Book For  book-img-for-question

College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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