In the Two-Column General Journal Page Below,each Capital Letter Represents $\quad\quad\quad\quad\text {GENERAL JOURNAL}\quad\text {Page 1}$

question 84

Short Answer

In the two-column general journal page below,each capital letter represents a part of a journal entry.Write the proper letter next to the item in the list below to identify the proper part of the journal entry.
$\quad\quad\quad\quad\text {GENERAL JOURNAL}\quad\text {Page 1}$
$\begin{array}{|c|c|l|c|c|c|}\hline \begin{array}{c}\mathrm{G} \\\mathrm{H}\end{array} & \mathrm{I} & \mathrm{J} \quad\quad\quad\quad& \mathrm{O} & \mathrm{M} & \\\hline & &\quad\quad \mathrm{K} & \mathrm{P} & & \mathrm{N} \\\hline & &\quad\quad\quad\quad\quad\quad \mathrm{L} & & & \\\hline\end{array}$

-1. Ledger account number of account credited
2. Month
3. Explanation
4. Title of account debited
5. Year
6. Day of the month
7. Title of account credited
8. Amount of debit
9. Amount of credit
10. Ledger account number of account debited

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Definitions:

High Fixed Costs

Costs that remain constant regardless of the level of production or sales in a business, such as rent, salaries, or equipment leases.

Low Variable Costs

A situation where costs that vary with the level of production or service delivery are kept minimal.

Process-Oriented Facilities

Facilities designed around the specific processes and activities involved in production, often tailored to handling a variety of product types or flexible manufacturing.

Utilization

The extent to which a resource, such as equipment, space, or labor, is being used effectively and efficiently.