Question
After completing a trial balance and discovering some transactions that made it to the general journal but not the general ledger, Reha has the following
After completing a trial balance and discovering some transactions that made it to the general journal but not the general ledger, Reha has the following transactions to post to PB&J Cafe's general ledger:
On May 3, 2019, PB&J Cafe paid $2,300 for its rent to Main Street Holdings, LLC
On May 10, 2019, PB&J Cafe made a cash sale for $32.49.
On May 12, 2019, PB&J Cafe paid $392 for an order of from The Peanut Gallery
How should Reha record these entries in the general ledger for each transaction? Explain why it's important for the general ledger to contain all the transactions in the general journal.
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