Question
A cash payments journal is used to record all cash payments (all transactions with a credit to Cash). Column totals, except for 'Other,' are posted
A cash payments journal is used to record all cash payments (all transactions with a credit to Cash). Column totals, except for 'Other,' are posted to general ledger accounts--the 'Other' columns amounts are directly posted to ledger accounts. Individual amounts in the Accounts Payable column are posted to the accounts payable subsidiary ledger.
The amounts in the Accounts Payable Dr. column are posted:
multiple choice
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at the end of each month to the individual creditor accounts in the subsidiary ledger.
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immediately to the individual creditor accounts in the subsidiary ledger.
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immediate to the accounts payable account in the general ledger.
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at the end of each month to the individual creditor accounts in the general ledger.
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