Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. originally i recorded the "freight" charges direct

Originally I recorded the "freight" charges directly from the instructions into the freight account listed...

70.2K

Verified Solution

Question

Accounting

Originally I recorded the "freight" charges directly from the instructions into the freight account listed in image 3, and it was marked wrong. There is not enough space in the purchases or accounts payable accounts to record each dated transaction listed in image 2. What am I missing. Will I record each transaction. how could my freight in be wrong even the dates when it's coming from the dates in the prompt.

image

image

image

1. Open the general ledger accounts and enter the balance of Accounts Payable for June 1, 2019. 2. Record the transactions in a three-column purchases journal and in a general journal 3. Post entries from the general journal to the general ledger accounts. 4. Total and rule the purchases journal as of June 30 5. Post the column totals from the purchases journal to the proper general ledger accounts 6. Compute the net purchases of the firm for the month of June. Analyze: What total purchases were posted to the Purchases general ledger account for June

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

Molecular shapes of SF4 CF4 XeF4 are a the same with 2 0 and 1...

Chemistry
1.2K views

Based on their position in the peeriodic table, which atom would you predict to form a...

Chemistry
1.2K views

In the (Bomb Calorimetry) experiment, 1.10 g of anthracene (C14H10) was burned in a constant volume bomb...

Psychology
1.2K views

Plato's apology 1. Give an analysis 2. The anaylsis has to be thorough and supported with textual evidence 3....

Mechanical Engineering
1.2K views

For a base motion system described by: mx''+ cx'+ kx = cY?b cos ?bt + kY...

Advance Math
1.2K views

1. Zero Turbulence Airline provides air transportation services between Los Angeles, California; and Kona, Hawaii. A...

Biology
1.2K views

What is a control A the group under normal conditions that is not experimental B...

Algebra
1.2K views

Find P AB BP AB 180 35 8PB 0 50

Accounting
1.2K views

Assume selected financial data for Wally World...

Accounting
1.2K views

Lakeside Incorporated produces a product that currently sells for $90.00 per unit. Current...

Accounting
1.2K views

When a company's Equity declines over time, which of the following is LEAST LIKELY to...

Accounting
1.2K views

[The following information applies to the questions displayed below.] Shenandoah Company reported the following January...