Using all the journals, posting, balancing the ledgers (perpetual inventory system) Crosby Sales…

Using all the journals, posting, balancing the ledgers (perpetual inventory system) Crosby Sales Company, which uses the perpetual inventory system and makes all credit sales with terms 2/10, n/30, had these transactions during January. Required 1. For Crosby Sales Company, open the following three-column general ledger accounts using the account numbers given: 2. Open these accounts in the subsidiary ledgers: Accounts receivable subsidiary ledger— Vachon Inc., Franklin Ltd., and Wooten Design Ltd.; accounts payable subsidiary ledger—Delwood Co., Lehigh Corp., and Jasper Sales Ltd. 3. Enter the transactions in a sales journal (page 8), a cash receipts journal (page 3), a purchases journal (page 6), a cash payments journal (page 9), and a general journal (page 4), as appropriate. Disregard PST and GST in this question. 4. Post daily to the accounts receivable subsidiary ledger and to the accounts payable subsidiary ledger. On January 31, post to the general ledger. 5. Total each column of the special journals. Show that the total debits equal the total credits in each special journal. 6. Balance the total of the customer account balances in the accounts receivable subsidiary ledger against Accounts Receivable in the general ledger. Do the same for the accounts payable subsidiary ledger and Accounts Payable in the general ledger.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

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.

Money-back guarantee

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.

Read more

Zero-plagiarism guarantee

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.

Read more

Free-revision policy

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.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more