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  3. exercise 131 shown below is a page from cash payme

Exercise 131 Shown below is a page from cash payments journal. Using the cash payments...

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Accounting

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Exercise 131 Shown below is a page from cash payments journal. Using the cash payments journal below, identify each of the posting references indicated by a letter, as representing: a posting to a general ledger account. (2) a posting to a subsidiary ledger account. that no posting is required. CASH PAYMENTS JOURNAL Page 45 Post. Ref. Other Accounts Dr. Accounts Payable Dr. Inventory Cr. Cash Cr. Date Ck. No. Account Debited 20- Jan. 4 659 B. Lager 5,000 50 4,950 11 660 Prepaid Ins. 1,000 1,000 13 661 Inventory 156 656 14 662 Owner's Drawings 1 2,400 2,400 18 663 M. Young 1,400 1,400 20 664 Inventory 450 450 29 665 Equipment 3,800 3,800 8,306 6,400 50 14,656 Click if you would like to Show Work for this question: Open Show Work

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