The posting references in the following purchases journal are indicated by letters. Identify each posting reference [
(a) through
(i)] as representing
(1) a posting to a general ledger account,
(2) a posting to a subsidiary ledger account, or
(3) that no posting is required.?

\begin{array}{cc} &&&&&&&&&&&&& \textbf { PURCHASES } \\&&&&&&\textbf { JOURNAL } &&&&&&& \textbf { Page 1 }\end{array}

\begin{array}{rllrcc}\hline & & & \text { Accounts } & \text { Office } & \text { Store } \\\text { Date } & \text { Account } & \text { Post. } & \text { Payable } & \text { Supplies } & \text { Supplies } \\& \text { Credited } & \text { Ref. } & \text { Cr. } & \text { Dr. } & \text { Dr. }\\\hline\text { July } 3 & \text { Morton Company } & \text { (a) } & 1,150 & & 1,150 \\7 & \text { Jackson Co. } & \text { (b) } & 4,800 & 4,800 & \\14 & \text { Fallon Inc. } & \text { (c) } & 7,000 & 7,000 & \\26 & \text { Simpson Bros. } & \text { (d) } & \underline{2,350} & & \\31 & & & \underline{\underline{\mathbf{1 5 , 3 0 0}}} & \underline{\underline{\mathbf{1 1 , 8 0 0}}} & \underline{\underline{\mathbf{1 , 1 5 0}}}\\&&&(e)&(f)&(g)\end{array}

$The posting references in the following purchases journal are indicated by letters. Identify each posting reference [ (a) through (i)] as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary ledger account, or (3) that no posting is required.? \begin{array}{cc} &&&&&&&&&&&&& \textbf { PURCHASES } \\ &&&&&&\textbf { JOURNAL } &&&&&&& \textbf { Page 1 } \end{array} \begin{array}{rllrcc} \hline & & & \text { Accounts } & \text { Office } & \text { Store } \\ \text { Date } & \text { Account } & \text { Post. } & \text { Payable } & \text { Supplies } & \text { Supplies } \\ & \text { Credited } & \text { Ref. } & \text { Cr. } & \text { Dr. } & \text { Dr. }\\\hline \text { July } 3 & \text { Morton Company } & \text { (a) } & 1,150 & & 1,150 \\ 7 & \text { Jackson Co. } & \text { (b) } & 4,800 & 4,800 & \\ 14 & \text { Fallon Inc. } & \text { (c) } & 7,000 & 7,000 & \\ 26 & \text { Simpson Bros. } & \text { (d) } & \underline{2,350} & & \\ 31 & & & \underline{\underline{\mathbf{1 5 , 3 0 0}}} & \underline{\underline{\mathbf{1 1 , 8 0 0}}} & \underline{\underline{\mathbf{1 , 1 5 0}}}\\ &&&(e)&(f)&(g) \end{array}$

Match the transactions below with the journal or ledger in which it would be entered. \text { Match the transactions below with the journal or ledger in which it would be entered. } Match the transactions below with the journal or ledger in which it would be entered.

Short Answer

Correct Answer:VerifiedUnlock this answer nowGet Access to more Verified Answers free of chargeSign up to view answer

$\text { Match the transactions below with the journal or ledger in which it would be entered. }$

Correct Answer:
Verified
Unlock this answer now
Get Access to more Verified Answers free of charge