Using the following purchases journal, identify each of the posting references, indicated by a letter, as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary ledger account, or (3) that no posting is required:
PURCHASES JOURNALPage 49 Date Account Credited Post. Ref. Accounts Payable Cr. Store Supplies Dr. Office Supplies Dr. Other Accounts Dr. Post. Ref. Amount 20Y9 Jan. 4 Coastal Equipment Co. (a) 5,325 Warehouse Equipment (g) 5,325 6 Arrow Supply Co. (b) 4,000 4,000 9 Valley Products (c) 1,875 1,600 275 14 Office Warehouse (d) 2,200 Office Equipment (h) 2,200 20 Office Warehouse (e) 6,000 Store Equipment (i) 6,000 25 Metro Supply Co. (f ) 2,740 2,740 3122,140 4,340 4,27513,525 (j) (k) (l)(m)
Answer:
1. General ledger account: (g), (h), (i), (j), (k), (l)
2. Subsidiary ledger account: (a), (b), (c), (d), (e), (f)
3. No posting required: (m)
