Accounting Information Systems

Problem-18: Accounting Information Systems

Selected Accounts from the ledgers of Youngblood Company at July 31 showed the following.

Instructions

From the data prepare:
  1. The single-column purchases journal for July
  2. The general journal entries for July.

Solution

a.
Youngblood Company
 
b.
Youngblood Company

Problems: Accounting Information Systems

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Completing the Accounting Cycle  Adjusting the Accounts  Accounting for Merchandising Operations  The Recording Process  Accounting in Action  Inventories  Plant Assets, Natural Resources, and Intangible Assets  Accounting for Receivables  Accounting Information Systems  Corporations: Dividends, Retained Earnings, and Income Reporting  Current Liabilities and Payroll Accounting  Job Order Costing  Sets  Long-Term Liabilities