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At the End of September 2016 and Before the Purchases

Question 83

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At the end of September 2016 and before the purchases journal was posted,selected general ledger account balances for Paper Products were as follows (each account had a normal balance): At the end of September 2016 and before the purchases journal was posted,selected general ledger account balances for Paper Products were as follows (each account had a normal balance): The purchases journal had the following totals: Purchases,$19,540;Freight In,$1,225;Accounts Payable,$20,765. Calculate the ending balance of each of the three accounts after the posting from the purchases journal.Indicate whether each balance is a debit or credit. The purchases journal had the following totals: Purchases,$19,540;Freight In,$1,225;Accounts Payable,$20,765.
Calculate the ending balance of each of the three accounts after the posting from the purchases journal.Indicate whether each balance is a debit or credit.

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