1. Business
  2. Accounting
  3. need an example how to set up the general ledger...

Question: need an example how to set up the general ledger...

Question details

Need an example, how to set up the General Ledger accounts, Accounts Receivable, and Accounts Payable accounts. And how to Journalized entries from the same Narrative of Transactions.   

Then, Post the general journal entries to the General Ledger, the Accounts Receivable Ledger, and the Accounts Payable Ledger. Use the Post Ref. column to ensure that each line item of the journal entries is posted correctly to each general ledger account. Please note that I need a sample example. Thanks.

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution