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Sonja [21]
3 years ago
11

The accounts payable ledger has postings from which of the following sets of journals? a.Purchases, cash payments, and general b

.Cash payments and sales c.Sales and cash payments d.Purchases, cash receipts, and general e.Purchases and sales
Business
1 answer:
docker41 [41]3 years ago
3 0

Answer: a. Purchases, cash payments, and general

Explanation:

The accounts payable ledger has postings from the purchases journal, cash payments journal and the general journal.

The accounts payable ledger is also referred to as the creditors ledger because it shows the amount that a company owes its suppliers.

The purchase journal shows the record for the goods that a particular company buys on credit. Cash payments journal shows the transactions which the business pays in cash. The general journal shows business transactions when they take place.

Therefore, the correct option is A.

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8 0
2 years ago
A person invested $20,000 into two accounts that pays 2.5% and 3% simple interest annually, respectively. find the amount invest
denpristay [2]
Let:
x = amount in the account invested in 2.5%
20000 - x = amount in the account invested in 3%

Solution:
.025x + .03 (20000 - x) = 540
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8 0
2 years ago
Read 2 more answers
You need $20,000 to purchase a used car. Your wealthy uncle is willing to lend you the money as an amortized loan. He would like
Serga [27]

Answer:

The annualy payment for theamortized loan is $6,802.44

Explanation:

First we will find the total loan payment TP for the $20,000 borrowed over the next four years with a annual return of 8%:

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The annual payments AN is obtained by dividing the TP into the 4 years:

AN  = $27,209.7 / 4 = $6,802.44

4 0
3 years ago
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