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Question : 129.  Two transactions were posted to the following customer account: NAME:Roswell

129.  Two transactions were posted to the following customer account:

NAME:Roswell Communications, Inc.Address:  345 Alien Way

Date

Item

Post. Ref.

Debit

Credit

Balance

May   1

Balance

750

14

Invoice 522

CR230

625

125

25

Invoice 545

R115

3,500

3,625

Describe each transaction and the source of each posting.

130.  Two transactions were posted to the following supplier’s (creditor’s) account:

NAME:Banner Computer Services, Inc.Address:  890 Novice Lane

Date

Item

Post. Ref.

Debit

Credit

Balance

July     1

Balance

5,645

19

Invoice 45

P16

1,755

7,400

26

Invoice 39

CP36

3,500

3,900

Describe each transaction and the source of each posting.

131.  The following cash receipts journal headings have been suggested for Tower Tree-Trimming Service Company.What problems do you see with these headings?

Date

AccountCredited

Post.Ref.

Fees EarnedCr.

AccountsReceivable Cr.

CashCr.

Other AccountsDr.

132. 

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