Journalizing purchase returns and allowances and posting to general ledger and accounts payable ledger. ...
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Accounting
Journalizing purchase returns and allowances and posting to general ledger and accounts payable ledger.
ournalizing Purchases Returns and Allowances and Posting to General Ledger and Accounts Payable Ledger Using page 3 of a general journal and the following general ledger accounts and accounts payable ledger accounts, journalize and post the following transactions: Mar. 5 Returned merchandise to Tower Industries, $530 11 Returned merchandise to A & D Arms, $625 23 Returned merchandise to Mighty Mansion, $295 General Ledger Account No. Account Balance Mar 1, 20- 202 Accounts Payable $8,460 501.1 Purchases Returns and Allowances Accounts Payable Ledger Name A & D Arms Mighty Mansion Tower Industries Journalize the transactions. Do not enter the posting references until you complete part 2 Balance Mar 1, 20- $2,490 1,320 4,650 GENERAL JOURNAL PAGE 3 POST. RE DEBIT CREDIT DATE 20-. Mar. 5 DESCRIPTION Accounts Payable/Tower Industries Purchases Returns and Allowances Returned merchandise Mar 11 Accounts Payable/A&D Arms
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