Century 21 Accounting General Journal
11th Edition
ISBN: 9781337680059
Author: Gilbertson
Publisher: Cengage
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on the photo provided, these are the journalized entries. provide their ledger accounts. use T accounts.
How would a business record a sale of services on account in QuickBooks?
Use T-account, show the effect of the transactions on the account titles provided on the "REQUIRED:" portion.
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- Arrange the following steps in the posting process in correct order: a. Write the ledger account number in the Post. Ref. column of the journal. b. Write the amount of the transaction. c. Write the date of the transaction. d. Write the page number of the journal in the Post. Ref. column of the ledger account.arrow_forwardThe debits and credits from two transactions are presented in the following customer account: Describe each transaction and the source of each posting.arrow_forwardArrange the following steps in the posting process in correct order: a. The amount of the balance of the ledger account is recorded in the Debit Balance or Credit Balance column. b. The amount of the transaction is recorded in the Debit or Credit column of the ledger account. c. The ledger account number is recorded in the Post. Ref. column of the journal. d. The date of the transaction is recorded in the Date column of the ledger account. e. The page number of the journal is recorded in the Post. Ref. column of the ledger account.arrow_forward
- Indicate the order in which the following onscreen Vendors and Expenses transaction forms typically should be prepared. Expense > Pay Bills Check > Pay Bills Bill > Pay Bills Invoice > Pay Billsarrow_forwardWhich of the following items is considered an original source document? Select one: a. accounts receivable b. company expense account c. purchase order d. general ledgerarrow_forwardFor each of the transactions below, indicate the account to be debited or credited by placing the letter representing the account in the appropriate column.arrow_forward
- the entry to record the purchase of supplies on account includes a credit to what?arrow_forwardJensen Cleaning Service uses the listed accounts. Prepare two T accounts for each transaction. On each T account, select the account title of one of the accounts affected by the transaction. Enter the debit or credit amount in each T account to show the transaction’s effect.arrow_forwardFor each account, indicate whether it appears in the general ledger or the subsidiary ledger Prepaid Rentarrow_forward
- a list of each customer account and thre balance owed is a:arrow_forwardAmounts owed for products or services purchased on account are called ________arrow_forwardWhat is the process of transferring the debits and credits from the journal entries to the accounts in the ledger called? Group of answer choices journalizing ledgering posting chartingarrow_forward
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