Question

On

OctoberOctober

​10,

201 Upper X201X​,

CarrolCarrol

Co. issued debit memorandum no. 1 for

$ 440$440

to

RogerRoger

Co. for merchandise returned from invoice no. 312. The merchandise was purchased on account. Your task is to​ journalize, record, and post this transaction as appropriate. Use the perpetual inventory system.

Journalize the transaction. ​(Record debits​ first, then credits. Exclude explanations from journal entries. Ignore posting references for purposes of this​ problem.)

Journal Entry
Date		Accounts	PR	Dr.	Cr.
Oct.	10

Record the transaction to the subsidiary ledger account and post to the general ledger accounts. ​(Select the appropriate account names for each ledger. Ignore posting references for purposes of this​ problem.)

Accounts Payable Subsidiary Ledger			General Ledger

Choose from any list or enter any number in the input fields and then continue to the next question.

Answer 1

Journal Entry

Date	Account Titles	Debit	Credit
Oct-10	Accounts Payable	$                 440
	Inventory		$              440

Subsidiary Legder

Accounts Payable : Roger Co.
Date	Explanation	Debit	Credit	Balance
Oct-10		$        440		$             (440)

General Ledger

Accounts Payable
Date	Explanation	Debit	Credit	Balance
Oct-10		$        440		$             (440)

Since i didn't had given formats, i have used general formats, so if you have any query, kindly comment with your query