From the accompanying purchases journal, record in the accounts payable subsidiary ledger and post to general ledger

Question:

From the accompanying purchases journal, record in the accounts payable subsidiary ledger and post to general ledger accounts as appropriate.

PURCHASES JOURNAL Page 1 Sundry-Dr. Accounts Payable Credit GST Account Credited Prepaid Debit Date of Inventory Debit Date Invoice Terms PR Account PR Amount 2019 20 00 40 00 30 00 June Barr Co. June 3 1/10, n/30 42000 40 0 00 6 Jess Co. 840 00 630 00 800

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...

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