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College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958 Exercise 5
Posting transactions to the general ledger and accounts receivable ledger.
INSTRUCTIONS
1. Open the general ledger accounts and accounts receivable ledger accounts indicated below. Enter the balances as of May 1, 2013.
2. Post the entries from the general journal in Problem 7.4B to the appropriate accounts in the general ledger and in the accounts receivable ledger.
3. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule.
GENERAL LEDGER ACCOUNTS
ACCOUNTS RECEIVABLE LEDGER ACCOUNTS
Analyze: What were total sales on account in May, prior to any returns, allowances, or discounts?
INSTRUCTIONS
1. Open the general ledger accounts and accounts receivable ledger accounts indicated below. Enter the balances as of May 1, 2013.
2. Post the entries from the general journal in Problem 7.4B to the appropriate accounts in the general ledger and in the accounts receivable ledger.
3. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule.
GENERAL LEDGER ACCOUNTS
ACCOUNTS RECEIVABLE LEDGER ACCOUNTS
Analyze: What were total sales on account in May, prior to any returns, allowances, or discounts?
Explanation
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Recording sale made on account with a sa...
College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
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