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Help will thumbs up! Problem 7-2A Reineke Company's chart of accounts indludes the following selected accounts 201 Accounts Payable 306 Owner's Drawlings 101 Cash 120
Help will thumbs up! Problem 7-2A Reineke Company's chart of accounts indludes the following selected accounts 201 Accounts Payable 306 Owner's Drawlings 101 Cash 120 Inventory 130 Prepaid Insurance 505 Cost of Goods Sold 157 Equipment On October 1, the accounts payable ledger of Reineke Company showed the folloming balences: Ugols Company $3,500, Orr Co. 3,300, Rosenthal Co $2,100, and Clevenger Company $,s00. he October transactions involving the payment of cash were as foll Oct1 Purchased merchandne, check no 63, $220 3 Purchased esupment, check ro. 64, $860 S Pad Uggla Company balance due of $3,500, less 2% discourt, dek no. es, s 3,430. 10 Purchased merchandse, check no. 66, $2,600 15 Paid Rosenthal Co.balance due of $2,100, check no. 67 16 C. nenrke, the ownerpays nia seral insurance prerun of S300, check no. 58. 19 Paid Orr Co. in ful for invoice no. 610, $1.900 less 2% cash discount, check no. 69, $1,862. 29 Paid Clevenger Company in full for invoice no. 264, $2.500, check no.70
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