258 Chapter 5 Accounting Systems OBJ. 2 O EES-4 p24 PE 5-4B Accounts payable sub

Question

258 Chapter 5 Accounting Systems OBJ. 2 O EES-4 p24 PE 5-4B Accounts payable subsidiary ledger The debits and credits (suppliers) account from two transactions are presented in the following creditor's Colonial Inc 5000 Grand Ave ADDRESS Ref. item Balance Invoice No. 122 Invoice No. 139 Date 92 28 100 Jan. 1 64 CP71 PS5 26 72 Describe each transaction and the source of each posting FAI Prepare horizontal and vertical analyses of the segments. Round to one decimal place. OBJ.5 EES-5 p.251 PE 5-5B Segment analysis Back Country Life, Inc., does business in two product segments, Camping and Fishing The following annual revenue information was determined from the accounting system invoice information: How 20Y3 20Y2 $240,000 160,000 $400,000 FAI Camping Fishing 140,000 Total revenues $420,000 Prepare horizontal and vertical analyses of the segments. Round to one decimal place

Explanation / Answer

5-4B

5-5B

Date Transaction description Source of posting Jan. 11 Cash payment of $64 against invoice no. 122. Cash payments journal Jan. 26 Recording of invoice no. 139 for $72. Purchases journal

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

---

---

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