Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Exercise 131 Shown below is a page from cash payments journal. Using the cash payments journal below, identify each of the posting references indicated by
Exercise 131 Shown below is a page from cash payments journal. Using the cash payments journal below, identify each of the posting references indicated by a letter, as representing: (1) a posting to a general ledger account. (2) a posting to a subsidiary ledger account. (3) that no posting is required. CASH PAYMENTS JOURNAL Page 45 Post. Ref. Other Accounts Dr. Accounts Payable Dr. Date Ck. No. Account Debited 20- Inventory Cr. Cash Cr. Jan. 4 659 B. Lager 5,000 50 4,950 11 660 Prepaid Ins. 1,000 1,000 13 661 Inventory
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started