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Analyzing a Source Document Instructions Using the source document: 1. Journalize the
Chapter 10, Problem 10-2(choose chapter or problem)
Analyzing a Source Document
Instructions Using the source document:
1. Journalize the transaction in a general journal in your working papers.
2. Post the entry to the appropriate T accounts.
3. Assume it is the end of the accounting period. Record the closing entry for this account in the general journal.
4. Post the closing entry to the appropriate T accounts.
Questions & Answers
QUESTION:
Analyzing a Source Document
Instructions Using the source document:
1. Journalize the transaction in a general journal in your working papers.
2. Post the entry to the appropriate T accounts.
3. Assume it is the end of the accounting period. Record the closing entry for this account in the general journal.
4. Post the closing entry to the appropriate T accounts.
ANSWER:
Problem 10.2
Analyzing a Source Document
Instructions. Using the source document:
1. Journalize the transaction in a general journal in your working papers.
2. Post the entry to the appropriate T accounts.
3. Assume it is the end of the accounting period. Record the closing entry for this account in the general journal.
4. Post the closing entry to the appropriate T accounts.
Step by Step Solution
Step 1 of 3
A source document is an original document prepared by every organization to get a brief detail about the transaction. It includes details like the amount paid, the name of the parties involved, the date of the transaction, and the account number. It’s just a trial sheet prepared and it will be recorded at a later date in the main books.