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At the End of February 2016 and Before the Purchases

question 6

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At the end of February 2016 and before the purchases journal was posted,selected general ledger account balances for Volter Repair Services were as follows (each account had a normal balance): At the end of February 2016 and before the purchases journal was posted,selected general ledger account balances for Volter Repair Services were as follows (each account had a normal balance):   The purchases journal had the following totals: Purchases,$28,000;Freight In,$1,000;Accounts Payable,$29,000. 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. The purchases journal had the following totals: Purchases,$28,000;Freight In,$1,000;Accounts Payable,$29,000.
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.


Definitions:

Reality Therapy

A therapeutic approach focused on problem-solving and making better choices in order to fulfill one's needs.

Personal Responsibility

The idea that individuals are responsible for their own actions and their consequences, including the improvement of their own lives.

Quality of Their Lives

A measure or assessment of individuals' overall well-being, happiness, and satisfaction with life.

Dialectical Behavioral Therapy

A form of cognitive-behavioral therapy aimed at teaching skills to manage emotional distress, improve interpersonal relations, and live mindfully.

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