Using the Cash Payments Journal Above, Identify Each of the Posting

question 72

Essay

Using the cash payments journal above, identify each of the posting references indicated by a letter, as representing:
(1) a posting to a general ledger account.
(2) a posting to a subsidiary ledger account.
(3) that no posting is required.

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Definitions:

Medicaid Coverage

A health insurance program in the United States for low-income individuals and families that provides medical and health-related services.

Affordable Care Act

Federal legislation passed in 2010 aimed at expanding healthcare coverage, reducing healthcare costs, and improving healthcare system efficiency in the United States.

Supremacy Clause

A provision in the U.S. Constitution that establishes that federal law takes precedence over state laws and constitutions when they are in conflict.

Interstate Highway System

A network of controlled-access highways that forms part of the National Highway System in the United States, designed for high-speed vehicular traffic across state lines.