The Posting References in the Following Purchases Journal Are Indicated

question 105

Essay

The posting references in the following purchases journal are indicated by letters.Identify each posting reference [
(a)through
(i)] as representing
(1)a posting to a general ledger account,
(2)a posting to a subsidiary ledger account,or
(3)that no posting is required.​

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Definitions:

Maple Syrup Consumers

Individuals or groups who purchase or consume maple syrup, impacting demand and market dynamics for this product.

World Price

The internationally determined price of a good or service, influenced by global supply and demand factors.

Import or Export

Imports are goods and services brought into a country from abroad for sale, while exports are goods and services produced domestically and sold to foreign countries.

World Price

A product or service's worldwide market value, affected by the international balance of supply and demand.