Question
DuringJuly,the following transactionsoccurred: July1Purchased$11,600of merchandise on account. July 10Purchased$1,200of merchandise with cash. July 15Purchased$1,700of office supplies on account. July 20Made a payment of$5,200on accounts payable.
DuringJuly,the following transactionsoccurred:
July1Purchased$11,600of merchandise on account.
July 10Purchased$1,200of merchandise with cash.
July 15Purchased$1,700of office supplies on account.
July 20Made a payment of$5,200on accounts payable.
July 30Purchased$600of office supplies with cash.
Assume a perpetual inventory system is used. What would be the amount to debit as a posting to Accounts Payable from the cash payments journal at the end of themonth?
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Financial Accounting Fundamentals
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
1259726916, 978-1259726910
