The post reference column in the ledger is used to: A) not used. B) record the j

Question

The post reference column in the ledger is used to:
A) not used.
B) record the journal and page number the transactions originated.
C) record the date.
D) record the ledger number.

A transaction completed by Salvador Company caused a $12,000 increase in both the total
assets and the total liabilities. This transaction could have been:
A) purchase of offi ce equipment, paying $3,000 cash, and $10,000 on account.
B) purchase of offi ce equipment for $32,000, paying $20,000 cash, with the rest on account.
C) investment by the owner of an additional $12,000.
D) None of these answers are correct.
Unit 1 Examination

A credit to a liability account was posted to an owner

Explanation / Answer

B) record the journal and page number the transactions originated. C) investment by the owner of an additional $12,000. B) liabilities to be understated.

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.