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The general ledger of Sparkling Lake Golf Shop includes the following selected accounts, alor their account numbers: ( Click on the icon to view the
The general ledger of Sparkling Lake Golf Shop includes the following selected accounts, alor their account numbers:
Click on the icon to view the accounts.
Requirements Sparkling Lake Golf Shop records purchase returns in the general jour the Check No column and a general journal. The company uses the perpetual inventory sys Show how postings would be made from the journals by writing the account numbers and che
Begin with the purchases journal. Enter the transactions and total the journal. If a box is not total is not posted. Abbreviation used: Supp. Supplies Assume all postings are made to the
Data table
tableNumberAccount,Number,AccountCash,EquipmentMerchandise Inventory,Accounts PayablePrepaid Insurance,Rent ExpenseOffice Supplies,Utilities Expense
More info
Dec. Purchased merchandise inventory on credit from Triton, $ Terms were
Dec. Paid monthly rent, debiting Rent Expense for $
Dec. Purchased office supplies on credit terms of from Ready Supply, $
Dec. Received and paid electricity utility bill, $
Dec. Purchased equipment on account from Abbott Equipment, $ Payment terms were n
Dec. Returned the equipment to Abbott Equipment. It was damaged.
Dec. Paid Triton the amount owed on the purchase of December
Dec. Purchased merchandise inventory on account from Carver Golf, $ Terms were
Dec. Purchased merchandise inventory for cash, $
Dec. Paid a semiannual insurance premium, debiting Prepaid Insurance, $
Dec. Paid its account payable to Ready Spply from December
Dec. Received and paid gas and water utility bills, $
Dec. Purchased merchandise inventory on credit terms of from Darling, Inc, $
Dec. Paid its account payable to Carver Golf from December
Dec. Purchased office supplies on account from Office World, Inc, $ Terms were n
Dec. Returned to Darling, Inc. $ of the merchandise inventory purchased on December show how total debits equal total credits
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