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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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Chapter
Section
BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

What steps are followed in posting cash payments from the general journal to the general ledger?

To determine

Indicate the steps followed in posting the cash payments from general journal to the general ledger.

Explanation

Cash payments: The amount of cash paid for the credit purchase transactions, and cash purchase transactions is referred to as cash payments.

Posting cash payments from general journal to the general ledger:

Step 1: Enter the date of the transaction in the Date column.

Step 2: Enter the debit amount and the credit amount in the Debit and Credit columns respectively...

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