What steps are followed in posting from the sales journal to the general ledger?
Question:
What steps are followed in posting from the sales journal to the general ledger?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
To post from the sales journal to the general ledger use the followin...View the full answer
Answered By
Wonder Dzidzormenu
As a professional accountant and a teacher, I explain account ing concepts in a more practical way that makes students more connected to the subject.
With over 10 years of teaching accounting , I offer a well constructed , easily understood and in-depth explanations to students questions.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
What steps are followed in posting sales returns and allowances from the general journal to the general ledger and accounts receivable ledger?
-
What steps are followed in posting purchases returns and allowances from the general journal to the general ledger and accounts payable ledger?
-
What steps are followed in posting cash receipts from the general journal to the accounts receivable ledger?
-
Why are all three levels of Transfer Meaning Making Acquisition important? What would happen if we left one out of our unit design?
-
Refer to Samsung's 2015 statement of cash flows in Appendix A. List its cash flows from operating activities, investing activities, and financing activities. Samsung's cash flows from Appendix A...
-
Early in 20X1, Nitro Demolition Ltd. borrowed money to partially finance the acquisition of a bulldozer. The loan was a five-year, $90,000 loan, secured by a first charge on the bulldozer and the...
-
Explain how the results from an ANOVA and measures of effect size are reported in the scientic literature.
-
The Income Summary and Levi Simmons, Capital accounts for Simmons Production Company at the end of its accounting period follow. Complete the following statements: 1. Total revenue for the period is...
-
Suppose a stock had an initial price of $59 per share, paid a dividend of $1.7 per share during the year, and had an ending share price of $66. Compute the percentage total return.
-
1. In communicating the changes in philosophy and practice within PepsiCo, should CEO Indra Nooyi and her management team use formal or informal channels of communication? Give examples of each. 2....
-
List four items of information about each sale entered in the sales journal.
-
What steps are followed in posting from the sales journal to the accounts receivable ledger?
-
For the following exercises, use the given magnitude and direction in standard position, write the vector in component form. Find the magnitude of the horizontal and vertical components of a vector...
-
Rosita Flores owns Rosita's Mexican Restaurant in Tempe, Arizona. Rosita's is an affordable restaurant near campus and several hotels. Rosita accepts cash and checks. Checks are deposited...
-
Your second task will require you to recover a payload from the conversation. Just need 2.3. Need you to explain step by step, and concept by concept if possible. Use wireshark. Tell me your answer...
-
2. Supply for art sketchbooks at a price of $p per book can be modelled by P <10 S(p) = = textbooks. p3+p+3 p 10 (a) What is the producer revenue at the shutdown point? (b) What is the producer...
-
Patterson Company produces wafers for integrated circuits. Data for the most recent year are provided: Expected Consumption Ratios Activity Driver Wafer A Wafer B Inserting and sorting process...
-
The elementary gas-phase reaction 2A + B C+D is carried out isothermally at 450 K in a PBR with no pressure drop. The specific reaction rate was measured to be 2x10-3 L/(mol-min-kgcat) at 50C and the...
-
In what respects is facility layout a marketing problem in services? Give an example of a service system layout designed to maximize the amount of time the customer is in the system.LO8-2
-
In the simple quantity theory of money, what will lead to an increase in aggregate demand? In monetarism, what will lead to an increase in aggregate demand?
-
Determine convergence or divergence using any method covered in the text. 8 (1)"-1 h + Vn + 1 n=1 V
-
Jill Martin of Regina opened Martins Catering Service. As her accountant, analyze the transactions listed below and present the following information in proper form: 1. The analysis of the...
-
Robbie James began a new business called RJ Graphics, located in Moncton. The following transactions resulted: A. Robbie invested $14,000 cash from her personal bank account in the graphics company....
-
Dave Chan has asked you to prepare a balance sheet as of April 30, 2013, for Chans Database Service of Orillia. Dave Chan, Capital Accounts Payable Equipment $49,000 Building 27,000 Cash 26,000...
-
Product Weight Sales Additional Processing Costs P 300,000 lbs. $ 245,000 $ 200,000 Q 100,000 lbs. 30,000 -0- R 100,000 lbs. 175,000 100,000 If joint costs are allocated based on relative weight of...
-
The projected benefit obligation was $380 million at the beginning of the year. Service cost for the year was $21 million. At the end of the year, pension benefits paid by the trustee were $17...
-
CVP Modeling project The purpose of this project is to give you experience creating a multiproduct profitability analysis that can be used to determine the effects of changing business conditions on...
Study smarter with the SolutionInn App