User Account

All Pages

Indicate missing posting reference- amount control account

Assignment Help Accounting Basics
Reference no: EM13970391

The general ledger of Karlstad Company contained the following Accounts Payable control account (in T-account form). Also shown is the related subsidiary ledger.

GENERAL LEDGER

Accounts Payable

Feb. 15

General journal

1,400

Feb. 1

Balance

26,025

28

?

?

5

General journal

265
     

11

General journal

550
     

28

Purchases

13,900
     

Feb. 28 Balance

  

9,840

ACCOUNTS PAYABLE LEDGER

Pryor

Orbison

Feb. 28

Bal. 4,600

Feb. 28

Bal. ?

Gates

    

Feb. 28

Bal. 2,000

    

Instructions

(a) Indicate the missing posting reference and amount in the control account, and the missing ending balance in the subsidiary ledger.

(b) Indicate the amounts in the control account that were dual-posted (i.e., posted to the control account and the subsidiary accounts).

Reference no: EM13970391

Questions Cloud

Describe the short-run and long-run effects on real output : Describe the short-run and long-run effects on real output and the price level for each the following events. Assume the economy begins at short-run and long-run equilibrium. Justify your responses with reasoning.
Describe the qualitative design of the article : This is for qualitative design. The same assignment but on qualitative design. It is Mater's level post as well. One page with at least one reference. In APA format. Question and articles for review are attached.
What will happen to prices of goods and services produced : What will happen to the prices of goods and services produced with minimum wage labor? What is your conclusion? Is this proposal a good idea or not? Explain why.
Discuss capital rationing and soft rationing : Discuss capital rationing and soft rationing and what are some of the important points to remember while estimating the cash flows of a project?
Indicate missing posting reference- amount control account : Indicate the missing posting reference and amount in the control account, and the missing ending balance in the subsidiary ledger.
Why did the grounding of aircraft cause the fed to act : Why did the grounding of aircraft cause the Fed to act? The chapter lists the duties the Fed must perform. Which duties are mentioned in the article? What forms did liquidity take?
Case study - google and the government of china : Case Study - Google and the Government of China: A Case Study in Cross-Cultural Negotiations and Using the list of Significant Factors as the major paragraph headings, prepare a discussion analyzing each factor. Include statements of the factors re..
Why is the demand highly inelastic : Give two examples of a good or service with a highly inelastic demand. Why is the demand highly inelastic? What revenue is produced at price P1? What revenue is produced at price P2?
Which would not be considered a contingent liability : An asset that cost $14,000 was sold for $9,000 cash. Accumulated depreciation on the asset was $7,000. The entry to record this transaction includes the recognition of, Which would NOT be considered a contingent liability?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Sales 800000 cost of goods sold 300000 accounts recievable

sales 800000 cost of goods sold 300000 accounts recievable 20000 bonds outstanding 160000 accounts payable 20000

  A corporate bond has a face value of 1000 and a coupon rate

a corporate bond has a face value of 1000 and a coupon rate of 6.5. the bond matures in 10 years and has a current

  Prepare all appropriate journal entries related to invest

Prepare all appropriate journal entries related to the investment during 2013, assuming Runyan accounts for this investment by the equity method.

  Why separate the traceable fixed costs from the common

why separate the traceable fixed costs from the common fixed costs? what is meant by a traceable fixed cost of a

  Compute the net income for the years

Since its organization on January 1, 2001, Langle Inc failed to properly recognize accruals and prepayments. Need to compute the net income for the years 2001,2002, and 2003 (ignore income taxes)

  To review the organizational behavior environment

Research the company "WEGMANS" to ensure sufficient information is available to review the Organizational Behavior environment of that company. Look for the following key words: amplifying effect, pro-social behaviors, positive deviance, conscious..

  For each of the followig separate cases prepare adjusting

for each of the followig separate cases prepare adjusting entries required of financial statements for the year ended

  A business may find it that they have excess cash required

a business may find it that they have excess cash required for some future data so will invest some of the cash in

  What are rhoda penalties for failure to file

Rhoda, a calendar year taxpayer, files her 2010 return on November 4, 2012. She did not obtain an extension for filing her return, and the return reflects additional income tax due of $25000.

  Discuss cost of capital

Suppose that a firm must choose between two mutually exclusive projects, both of which have negative NPVs. Explain how a firm can legitimately choose between two such projects.

  Retained earnings for the period

What is the beginning retained earnings for the period?

  During its most recent fiscal year simon enterprises sold

during its most recent fiscal year simon enterprises sold 200000 electric screwdrivers at a price of 15 each. fixed

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd