Financial Accounting
15th Edition
ISBN: 9781337272124
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Identify Postings from Purchases Journal
Using the following purchases journal, identify each of the posting references, indicated by a letter, as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary ledger account, or (3) that no posting is required:
PURCHASES JOURNAL | Page 49 | ||||||||||
Date |
Account Credited |
Post. Ref. |
Accounts Payable Cr. |
Store Supplies Dr. |
Office Supplies Dr. |
Other Accounts Dr. |
Post. Ref. |
Amount |
|||
20Y9 | |||||||||||
Jan. 4 | Coastal Equipment Co. | (a) | 5,325 | Warehouse Equipment | (g) | 5,325 | |||||
Jan. 6 | Arrow Supply Co. | (b) | 4,000 | 4,000 | |||||||
Jan. 9 | Valley Products | (c) | 1,875 | 1,600 | 275 | ||||||
Jan. 14 | Office Warehouse | (d) | 2,200 | Office Equipment | (h) | 2,200 | |||||
Jan. 20 | Office Warehouse | (e) | 6,000 | Store Equipment | (i) | 6,000 | |||||
Jan. 25 | Metro Supply Co. | (f) | 2,740 | 2,740 | |||||||
Jan. 30 | 22,140 | 4,340 | 4,275 | 13,525 | |||||||
(j) | (k) | (l) | (m) |
Post reference represents: | |
a. | |
b. | |
c. | |
d. | |
e. | |
f. | |
g. | |
h. | |
i. | |
j. | |
k. | |
l. | |
m. |
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