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P7-4C P7-4C. Jeff Ryan completed an Accounting I course and was recently hired as the bookkeeper of Spring Co. The special journals shown below have
P7-4C
P7-4C. Jeff Ryan completed an Accounting I course and was recently hired as the bookkeeper of Spring Co. The special journals shown below have not been posted; nor are "Dr." and "Cr." used on the column headings. Please assist Jeff by posting to the general ledger and recording in the subsidiary ledger. (Only post or record the amounts since no chart of accounts is provided.) Make some written recommendations on how a new computer system may lessen the need for posting. Note that cost of goods sold is calculated as 75% of sales. CASH PAYMENTS JOURNAL. Posting to the general ledger and the subsidiary ledger Step by Step Solution
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