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Unformatted text preview: 2.) Accounts payable ledger- When the company buys on credit from different suppliers, a subsidiary ledger lists all suppliers and gives them a separate account. 3.) Other Subsidiary Ledgers- Equipment accounts, investments, inventory, (any needing separate detailed records) pg 272 Sales Journal-Used to record sales on inventory on credit. (Sales of non inventory assets on credit are recorded in the general journal) Journalizing- Columnar Journal has more than one column. Its will have columns for recording the date, customers name, invoice number, posting reference, and the retail anc cost amounts,...
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- Spring '08