Showing posts with label Bowman Cleaners Inc. Show all posts
Showing posts with label Bowman Cleaners Inc. Show all posts

Friday, December 21, 2018

Using the following revenue journal for Bowman Cleaners Inc., identify each of the posting references, indicated by a letter, as representing

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 Date Invoice No. Account Debited Post. Ref. Accounts Rec. Dr. Fees Earned Cr. 20Y3 May  1 112 Hazmat Safety Co. (a) $2,050 10 113 Masco Co.(b) 980 20 114 Alpha GenCorp (c) 2,800 27 115 Tillman Inc.(d) 1,240 31$7,070 (e)







Answer:
1. General ledger accounts:  (e)

2. Subsidiary ledger accounts: (a), (b), (c), (d)