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(Solution) - Farber s Fabric Co of Yellow knife uses a purchases journal

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Farber?s Fabric Co. of Yellow knife uses a purchases journal (page21) and a general journal (page 32) to record the following transactions (continued from July).

The fabric store has decided to keep a purchases journal. The account balances as of August 1, 2012, are as follows:
a. Journalize the transactions.
b. Post and record as appropriate.
c. Prepare a schedule of accounts payable.


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This question was answered on: Jul 11, 2017

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