Question 5 Tiny Church Warehouse made the journal entry shown in Figure 3.03 O in their Cash Payments Journal. What is the correct posting of this entry to the general ledger? CASH PAYMENTS JOURNAL Page 22 GENERAL ACCOUNT CK. POST NO. ACCOUNTS PAYABLE DEBIT PURCHASES DISCOUNT CREDIT DATE TITLE REF CASH CREDIT DEBIT CREDIT Nov. 7 Purchases 301 5110 210.00 210.00 Figure 3.03 O Debit Cash, $210; Credit Accounts Payable, $210 Debit Purchases, $210; Credit Accounts Payable $210 O Debit Purchases, $210; credit Cash, $210 d. O Debit Cash, $210; credit Purchases, $210

Question 5 Tiny Church Warehouse made the journal entry shown in Figure 3.03 O in their Cash Payments Journal. What is the correct posting of this entry to the general ledger? CASH PAYMENTS JOURNAL Page 22 GENERAL ACCOUNT CK. POST NO. ACCOUNTS PAYABLE DEBIT PURCHASES DISCOUNT CREDIT DATE TITLE REF CASH CREDIT DEBIT CREDIT Nov. 7 Purchases 301 5110 210.00 210.00 Figure 3.03 O Debit Cash, $210; Credit Accounts Payable, $210 Debit Purchases, $210; Credit Accounts Payable $210 O Debit Purchases, $210; credit Cash, $210 d. O Debit Cash, $210; credit Purchases, $210

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter21: Cash Budgeting (cashbud)

Section: Chapter Questions

Problem 2R: Open the file CASHBUD from the website for this book at cengagebrain.com. Enter the eight formulas...

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