Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please I really need help with the general ledger accounts! thank you so much. ent > Open Assignment MENT CES r 7 ehensive Accounting Cycle

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Please I really need help with the general ledger accounts! thank you so much.

ent > Open Assignment MENT CES r 7 ehensive Accounting Cycle Review 7-01 a1-f2 (Part Level Submission) Pharoah Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances re are a series of transactions for Pharoah Co. for the month of January. Credit sales terms are 2/10, n/30. The cost of all merchandise sold ounting GENERAL LEDGER Account Number January 1 Account Title Opening Balance $38,250 12,300 42.000 15,500 1,500 2,000 8:700 1,600 37/000 91,650 w Score 101 Cash 112 Accounts Receivable w Results Notes Receivable 120 Inventory 126 Supplies 130 Prepaid Insurance 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 301 Owner's Capital Schedule of Accounts Receivable (from accounts receivable subsidiary ledger) January 1 Opening Balance Customer R. Beltre B. Santos 51.600 7.300

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Theory

Authors: Craig Deegan, H. Bierman

4th Edition

0071013148, 978-0071013147

More Books

Students also viewed these Accounting questions

Question

Aware of the role of HRM in multinational corporations.

Answered: 1 week ago