Question 5 Tiny Church Warehouse made the journal entry shown in Figure 3.03 O in their Cash Payments Journal. What is the correct posting of this entry to the general ledger? CASH PAYMENTS JOURNAL Page 22 GENERAL ACCOUNT CK. POST NO. ACCOUNTS PAYABLE DEBIT PURCHASES DISCOUNT CREDIT DATE TITLE REF CASH CREDIT DEBIT CREDIT Nov. 7 Purchases 301 5110 210.00 210.00 Figure 3.03 O Debit Cash, $210; Credit Accounts Payable, $210 Debit Purchases, $210; Credit Accounts Payable $210 O Debit Purchases, $210; credit Cash, $210 d. O Debit Cash, $210; credit Purchases, $210

Question 5 Tiny Church Warehouse made the journal entry shown in Figure 3.03 O in their Cash Payments Journal. What is the correct posting of this entry to the general ledger? CASH PAYMENTS JOURNAL Page 22 GENERAL ACCOUNT CK. POST NO. ACCOUNTS PAYABLE DEBIT PURCHASES DISCOUNT CREDIT DATE TITLE REF CASH CREDIT DEBIT CREDIT Nov. 7 Purchases 301 5110 210.00 210.00 Figure 3.03 O Debit Cash, $210; Credit Accounts Payable, $210 Debit Purchases, $210; Credit Accounts Payable $210 O Debit Purchases, $210; credit Cash, $210 d. O Debit Cash, $210; credit Purchases, $210

Accounting

27th Edition

ISBN:9781337272094

Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 5.21EX: Cash receipts journal The following cash receipts journal headings have been suggested for a small...

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