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At the End of September 2013 and Before the Purchases

Question 32

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At the end of September 2013 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 2013 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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