On Monday, April 10, 2017, starting at 6:30 pm, at the Wallingford Town Hall, 75 School Street, Wallingford, the DRB will convene a Special Meeting to continue a Deliberative Session on Application 17-04 by MT Associates, dba Midway Oil Corp., for an illuminated wall sign.
In turn, the general ledger accounts receivable control account reflects the sum of the transactions in the subsidiary ledger, or a debit balance of $20,000. The accounts payable subsidiary ledger contains the accounts of each vendor that makes credit sales to the company. The sum of all vendor account balances in the accounts payable subsidiary ledger is equal to the balance of the general ledger accounts payable control account.
There is a GL Posting routine in the financial series for fixed assets. Running this creates the journal entry to move the asset amounts out of the clearing account and in to a Fixed Asset account on the balance sheet.urchase via POP or accounts payable, code to FA Clearing: DR FA Clearing. CR Accounts Payable. Add the asset to Fixed Assets and select correct Account and Book information. Use the GL posting routine to post the transaction to the GL.