KEY- PRACTICE Final Ch 7-1012 X in Project 2 G kanagan college uestion 6 lot yet nswered Marked out of 32.00 Flag question 22°C Mostly sunny Z Q A 2 AME ENGAGE Schtill sells hand tools. During the month of March 2019, the following transactions occurred. Assume zero opening bal journal accounts. Assume no entries were made directly to the accounts payable general ledger from the general journa Mar 2 Purchased inventory for $7,760 on account from Block and Deck. Mar 8 Paid salaries for $2,580 with cheque #467. Mar 12 Purchased inventory for $4,760 cash from Malida Inc. with cheque #468. Mar 18 Paid the full amount owing to Block and Deck from the Mar 2 transaction with cheque # 469. Mar 24 Purchased inventory for $7,490 on account from Dust Bolt Inc. Required a) Record the above transactions in the purchases journal and the cash payments journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts payable corol
KEY- PRACTICE Final Ch 7-1012 X in Project 2 G kanagan college uestion 6 lot yet nswered Marked out of 32.00 Flag question 22°C Mostly sunny Z Q A 2 AME ENGAGE Schtill sells hand tools. During the month of March 2019, the following transactions occurred. Assume zero opening bal journal accounts. Assume no entries were made directly to the accounts payable general ledger from the general journa Mar 2 Purchased inventory for $7,760 on account from Block and Deck. Mar 8 Paid salaries for $2,580 with cheque #467. Mar 12 Purchased inventory for $4,760 cash from Malida Inc. with cheque #468. Mar 18 Paid the full amount owing to Block and Deck from the Mar 2 transaction with cheque # 469. Mar 24 Purchased inventory for $7,490 on account from Dust Bolt Inc. Required a) Record the above transactions in the purchases journal and the cash payments journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts payable corol
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vijay shiyal
Transcribed Image Text:KEY- PRACTICE Final Ch 7-1012 X in Project 2 G kanagan college uestion 6 lot yet nswered Marked out of 32.00 Flag
question 22°C Mostly sunny Z Q A 2 AME ENGAGE Schtill sells hand tools. During the month of March 2019, the following
transactions occurred. Assume zero opening bal journal accounts. Assume no entries were made directly to the accounts
payable general ledger from the general journa Mar 2 Purchased inventory for $7,760 on account from Block and Deck. Mar
8 Paid salaries for $2,580 with cheque #467. Mar 12 Purchased inventory for $4,760 cash from Malida Inc. with cheque #468.
Mar 18 Paid the full amount owing to Block and Deck from the Mar 2 transaction with cheque # 469. Mar 24 Purchased
inventory for $7,490 on account from Dust Bolt Inc. Required a) Record the above transactions in the purchases journal and
the cash payments journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of
the month, total the journals and update the accounts payable corol
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