Business
Business, 19.06.2020 19:57, mmaglaya1

Identify Postings from Cash Payments Journal Using the following cash payments 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.
CASH PAYMENTS JOURNAL Page 46
Date Ck. No. Account Debited Post. Ref. Other AccountsDr. Accounts Payable Dr. Cash Cr.
20Y1
July 3 611 Energy Systems Co. (a) 4,000 4,000
July 5 612 Utilities Expense (b) 310 310
July 10 613 Prepaid Rent (c) 3,200 3,200
July 16 614 Flowers to Go, Inc. (d) 1,250 1,250
July 19 615 Advertising Expense (e) 640 640
July 22 616 Office Equipment (f) 3,600 3,600
July 25 617 Echo Co. (g) 5,500 5,500
July 26 618 Office Supplies (h) 250 250
July 31 619 Salaries Expense (i) 1,750 1,750
July 31 9,750 10,750 20,500
(j) (k) (l)

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 10:30, abigail251
Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)
Answers: 1
image
Business, 22.06.2019 21:30, lekylawhite16
Abond purchased for $950 was sold for $980 after one year. the interest received during the year is $25. the bond's yield is:
Answers: 1
image
Business, 22.06.2019 22:40, tonypewitt
Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?
Answers: 1
image
Business, 23.06.2019 00:30, hellothere2458
Activity-based costing (abc) is not truly a cost collection mechanism as much as it is an inventory valuation method. the main purpose for implementing an activity-based cost system is to try to overcome some of the cost distortions that occur in traditional costing from product differences when there are variations in size and complexity. however, one of the disadvantages of utilizing abc is that the additional information gathering necessary to implement costing with that level of detail might be beyond the reach of some companies with resource or financial constraints. with this in mind, what kinds of industries or companies do you think would benefit most from using activity-based costing and why? in designing or modifying an accounting system to capture appropriate costs for abc, what considerations do you think would need to be made?
Answers: 3
Do you know the correct answer?
Identify Postings from Cash Payments Journal Using the following cash payments journal, identify ea...

Questions in other subjects:

Konu
Mathematics, 15.01.2020 09:31
Konu
Physics, 15.01.2020 09:31