Black Corporation had the following transactions take place in February of this year:
Instructions:

1.Record the transactions in the purchases or general journal, as appropriate.
2.Open the following accounts in the accounts payable ledger and record the February 1 beginning balances, if any, as given: Red Corporation, $300; Yellow, $665. For the accounts having balances write "Balance" in the item column and place a check mark in the Post. Ref. column.
3.Post to the accounts payable ledger and prepare schedule of accounts payable.

Question

Black Corporation had the following transactions take place in February of this year:
Instructions:
  
1.Record the transactions in the purchases or general journal, as appropriate.
2.Open the following accounts in the accounts payable ledger and record the February 1 beginning balances, if any, as given: Red Corporation, $300; Yellow, $665. For the accounts having balances write "Balance" in the item column and place a check mark in the Post. Ref. column.
3.Post to the accounts payable ledger and prepare schedule of accounts payable.

Quizplus · Accepted Answer

The Answer of Black Corporation had the following transactions take place in February of this year:
Instructions:
  
1.Record the transactions in the purchases or general journal, as appropriate.
2.Open the following accounts in the accounts payable ledger and record the February 1 beginning balances, if any, as given: Red Corporation, $300; Yellow, $665. For the accounts having balances write "Balance" in the item column and place a check mark in the Post. Ref. column.
3.Post to the accounts payable ledger and prepare schedule of accounts payable.

Black Corporation Had the Following Transactions Take Place in February