At the End of September 2016 and Before the Purchases

question 83

Essay

At the end of September 2016 and before the purchases journal was posted,selected general ledger account balances for Paper Products were as follows (each account had a normal balance): The purchases journal had the following totals: Purchases,$19,540;Freight In,$1,225;Accounts Payable,$20,765.
Calculate the ending balance of each of the three accounts after the posting from the purchases journal.Indicate whether each balance is a debit or credit.

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Definitions:

Paraphrase

The act of rewording or rephrasing someone else's text or speech to make it clearer or to convey the same message in a different way.

Imitation

The action of copying or mimicking someone else's behavior, speech, or actions, often as a learning method or form of social interaction.

Reflection of Feeling

A therapeutic technique where the therapist mirrors the client's emotions, helping the client explore their own feelings more deeply.

Reflection of Meaning

The process of exploring and clarifying the values, beliefs, and meanings behind a client's statements in counseling.