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1:post to both the general and subsidiary leader account 2: parper trial balance additional information at the beginning of July,the ledger of the company showed
1:post to both the general and subsidiary leader account 2: parper trial balance additional information at the beginning of July,the ledger of the company showed cash 2500,purchase 1700, account receivable 2000,and account payable 2200
Date Account title Debit Credit Jul-01 Merchandise Inventory 7600 Accounts Payable- XYZ 7600 Jul-02 Freight charges 400 Accounts Payable- Pegasus 400 Jul-03 Accounts Receivable - Echo 1300 Accounts Receivable - Pitas 2000 Sales Revenue 3300 Jul-05 Merchandise Inventory 3200 Accounts payable- Horizon 3200 Jul-08 Accounts payable- Horizon 300 Merchandise Inventory 300 Jul-13 Supplies 910 Accounts payable-Bowe 910 Jul-15 Merchandise Inventory 6900 Accounts payable- XYZ 3600 Accounts payable-Goran 3300 Jul-16 Accounts Receivable- Fiber 3450 Accounts Receivable - Pitas 1570 Sales Revenue 5020 Jul-18 Advertising expenses 600 Accounts payable-Wei 600 Jul-21 Accounts Receivable- Echo 310 Accounts Receivable-Musky 2800 Sales Revenue 3110 Jul-22 Sales allowance 65 Accounts Receivable- Echo 65 Jul-24 Merchandise Inventory 3000 Accounts payable- Horizon 3000 Jul-26 Equipment 900 Accounts payable-Bowe 900 Jul-28 Freight charges 380 Accounts payble - Pegasus 380 Jul-30 Accounts Receivable- Fiber 5600 Sales Revenue 5600Step by Step Solution
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