This exercise will test your understanding of the postings that appear in a subsidiary ledger.
Presented below is the account for the vendor, Kitchen Plastics Company, as it appears in the accounts payable subsidiary ledger of Great Value Hardware.
KITCHEN PLASTICS COMPANY
|
Date |
Ref. |
Debit |
Credit |
Balance |
|
2014 |
||||
|
Jan. 1 |
17,000 |
|||
|
3 |
P17 |
22,000 |
39,000 |
|
|
8 |
P18 |
13,000 |
52,000 |
|
|
9 |
CP25 |
17,000 |
35,000 |
|
|
11 |
G5 |
5,000 |
30,000 |
|
|
17 |
CP28 |
30,000 |
-0- |
Instructions
Explain each amount reflected in this subsidiary ledger account.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
