Post the entries in the general journal below to the accounts payable account in the general ledger
Question:
Post the entries in the general journal below to the accounts payable account in the general ledger and to the appropriate accounts in the accounts payable ledger. Assume the following account balances at January 1, 20X1, for GeekAuto Supplies, Inc.:
Use 202 as the account number for accounts payable in the general ledger.
Accounts Payable (control account) Accounts Payable-Evans Enterprises Accounts Payable-Sutherland Distributors Accounts Payable-Torres Company $7,600 1,600 4,100 1,900
Step by Step Answer:
entries for the general journal DATE DESCRIPTION POST REF DEBIT CREDIT 2 Jan Accounts PayableSuthe...View the full answer
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
Related Video
A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
Students also viewed these Business questions
-
Post the entries in the general journal below to the Accounts Receivableaccount in the general ledger and to the appropriate accounts in the accounts receivable ledger for Calderone Company. Assume...
-
Requirements 1. Prepare a schedule of accounts receivable for Calderone Company on January 31, 2019 . 2. Should the total of your accounts receivable schedule agree with the balance of the Accounts...
-
Sam and Robert are identical twins. They opened identical businesses and experienced identical transactions. However, they decided to estimate uncollectible accounts in different ways. Sam elected to...
-
Use the same information as in question 4, except that Hughes has a debit balance of $5,000 in its Allowance for Doubtful Accounts before any adjustments are made at the end of the year. In this...
-
1. Is Bob correct in his assessment of how globalization will impact his business? 2. Can you think of any Internet applications that Bob could profit from? 3. How could Bobs business be negatively...
-
Obtain the latest Form 10-K for Facebook, Inc. (www.investor.fb.com). Locate and describe the significant risks the company identifies. Are any of these unexpected based on your previous familiarity...
-
Do we have excellent facilities for our R&D function?
-
1. Which of the following is not a governmental fund? a. Special revenue fund b. Debt service fund c. Trust fund d. General fund 2. Which of these funds generally follows the accrual basis of...
-
Why do we organize AIS courses in terms of business processes
-
On a certain day the average closing price of a group of stocks on the New York Stock Exchange is $35 (to the nearest dollar). If the median value is $33 and the mode is $21, is the distribution of...
-
Identify the normal balance and type of account for the following. In identifying the normal balance, use Dr for debit or Cr for credit. The first one is done as an example. Account Name Accounts...
-
The following transactions took place at Grow-Right Garden Center during June 20X1. Grow-Right Garden Center uses a perpetual inventory system. Record the transactions in a general journal. Use 10 as...
-
Simplify each exponential expression in Exercises 2364. 3a-52 12a3b-4 0
-
Finding Confidence Intervals. In Exercises 9-16, assume that each sample is a simple random sample obtained from a population with a normal distribution. Professor Evaluation Scores Listed below are...
-
Pacifico Company, a U . S . - based importer of beer and wine, purchased 1 , 7 0 0 cases of Oktoberfest - style beer from a German supplier for 4 5 9 , 0 0 0 euros. Relevant U . S . dollar exchange...
-
7.C. a. When you add two vectors you get another vector: yes or no? b. When you subtract two vectors you get another vector: yes or no? c. Given the coordinate system below where increasing numbers...
-
Problem 1 At a given instant, the position of a plane at A and a train at B are measured relative to a radar antenna at O. Determine the distance d between A and B at this instant. To solve the...
-
The Bell-Boeing V-22 Osprey tiltrotor is both an airplane and a helicopter. It's advantage is the ability to rotate its engines and rotors to vertical position for take-off, landings, and helicopter...
-
In a(n)_________sequence, the difference between successive terms is a constant.
-
Prove the formula for (d/dx)(cos-1x) by the same method as for (d/dx)(sin-1x).
-
Hog Wild is a retail firm that sells motorcycles, parts, and accessories. The adjusted trial balance data given below is from the firm's worksheet for the year ended December 31, 2019. INSTRUCTIONS...
-
Obtain all data necessary from the worksheet prepared for The Game Place in Problem 12.6B at the end of Chapter 12. Then follow the instructions to complete this problem. INSTRUCTIONS 1. Prepare a...
-
Obtain all data that is necessary from the worksheet prepared for Whatnots in Problem 12.5B at the end of Chapter 12. Then follow the instructions to complete this problem. INSTRUCTIONS 1. Record...
-
A government bond matures in 30 years, makes semi-annual coupon payments of 6.0% ($120 per year) and offers a yield of 3.7% annually compounded. Assume face value is $1,000. Three years later the...
-
Your objective is: 1. Carry out a life insurance needs analysis, for each one of them (show your calculations) [30 Marks] 2. Refer to the case and the insurance plan quotes. Would you recommend...
-
TufStuff, Incorporated, sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company s products is a heavy - duty corrosion - resistant...
Study smarter with the SolutionInn App