Ex 5-1 identify postings from revenue journal
WebNo. 9 357 EX 5-7 Posting a revenue journal OBJ. 2, 3 The revenue journal for Sapling Consulting Inc. follows. The accounts receivable controlling account has a July 1, 2012, balance of $625 consisting of an amount due from Aladdin Co. There were no collections during July. REVENUE JOURNAL Page 12 Invoice Post. Accts. Rec. Dr. WebNow you, as the accountant, in addition to updating (posting the journal entry) to the general ledger (the GL) account (control), post the same entry to the subsidiary ledger. Let’s assume the $1,600 was from several clients ($1,000 from ABE and $600 from National City) and was entered as one deposit on the 30th. Oct. 30payment on account
Ex 5-1 identify postings from revenue journal
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WebThe methods and procedures for collecting, classifying, summarizing, and reporting a business's financial and operating information Three Step Process of Accounting System change Analyze needs, Design system to meet needs, and Implement the system What are some things included in a basic accounting system WebThe companies listed in a revenue journal, amount owed by the company, type of product or service purchased and other details related to the transaction should be recorded in the accounts receivable subsidiary ledger so that all details will match and the reconciliation process will be much easier. Explanation
WebTranscribed Image Text: Identify Postings from Revenue Journal Using the following revenue journal for Bowman Cleaners Inc., identify each of the posting references, indicated by a letter, as representing (1) posting to general ledger accounts or (2) posting to subsidiary ledger accounts: REVENUE JOURNAL Post. Accounts Rec. Dr. Date … WebEX 5-7 Posting a revenue journal The revenue journal for Sapling Consulting Inc. follows. The accounts receivable controlling account has a July 1, 20Y2, balance of $625 consisting of an amount due from Aladdin Co. There were no collections during July. OBJ. 2, 3 REVENUE JOURNAL Page 12 Invoice Post. Accts. Rec. Dr.
WebQuestion: EX 5-1 Identify postings from revenue journal Using the following revenue journal for Zeta Services Inc., identify each references, indicat or (2) posting to … WebTranscribed Image Text: Using the following revenue journal for Bowman Cleaners Inc., identify each of the posting references, indicated by a letter, as representing (1) posting to general ledger accounts or (2) posting to subsidiary ledger accounts: REVENUE JOURNAL Invoice Post. Accounts Rec. Dr. Date No. Account Debited Ref. Fees Earned Cr. 20Υ3 …
WebCh 5 HW help. 1. Using the following revenue journal for Zeta Services Inc., identify each of the posting references, indicated by a letter, as representing (1) posting to general ledger accounts or (2) posting to subsidiary ledger accounts. 2.
WebIdentify postings from revenue journal Using the following revenue journal for Zeta Services Inc., identify each of the posting references, indicated by a letter, as representing (1) posting to general ledger accounts or (2) posting to subsidiary ledger accounts: Expert Solution & Answer Want to see the full answer? roof repair hoppers crossingWebEX 5-1 Identify postings from revenue journalUsing the following revenue journal for Gamma Services Inc., identify each of the posting references, indicated by a letter, as … roof repair home equity loanWebNov 19, 2024 · EX 5-1 Identify postings from revenue journal Using the following revenue journal for Gamma Services Inc., identify each of the posting references, indicated by a letter, as representing (1) posting to general ledger accounts or (2) posting to... Posted 4 months ago View Answer Q: roof repair huntersvilleWebUsing the following revenue journal for Bowman Cleaners Inc., identify each of the posting references, indicated by a letter, as representing (1) posting to general ledger accounts or (2) posting to subsidiary ledger … roof repair houston texasWebRecord these three transactions into the following revenue journal format: PE 5-2A Accounts receivable subsidiary ledger OBJ. 2 The debits and credits from two transactions are presented in the following customer account: NAME Matrix Communications Inc. ADDRESS 76 Oak Ridge Rd. Describe each transaction and the source of each posting. roof repair houston txWebJun 12, 2016 · Question. EX 5-1 Identify postings from revenue journal. Using the following revenue journal for Gamma Services Inc., identify each of the posting … roof repair in amherstWebCash payments journal Ex. 5–5 Dec. 3. Provided service on account; posted from revenue journal page 50.9. Granted allowance or corrected error related to sale of December 3; posted from general journal page 9. 13. Received cash for balance due; posted from cash receipts journal page38. 5555 Ex. 5–6 a. REVENUE JOURNAL Invoice Post. roof repair huntley il