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an. 7 15 23 Credit Sales Chiu Corp. Elbaz Inc. Lewis Corn $1,980 Jan. 17 5,660 3540 24 29 Cash Collections Chiu Corp. Elbaz Inc. Lewis Corn $710 2,200 3540

an. 7 15 23 Credit Sales Chiu Corp. Elbaz Inc. Lewis Corn $1,980 Jan. 17 5,660 3540 24 29 Cash Collections Chiu Corp. Elbaz Inc. Lewis Corn $710 2,200 3540

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Information related to Marx Limited is presented below for its first month of operations. Jan. 7 15 23 Credit Sales Chiu Corp. Elbaz Inc. Lewis Corp. $1,980 5,660 3,540 Jan. 17 24 29 Cash Collections Chiu Corp. Elbaz Inc. Lewis Corp. $710 2.200 3,540 Post the above transactions individually to the accounts receivable subsidiary ledger for each customer, and in summary form at the end of the month to the Accounts Receivable control account in the general ledger. (If the ending balance is O enter that amount on the normal balance side for accounts receivable.) Accounts Receivable Subsidiary Ledger
Transcribed Image Text:Information related to Marx Limited is presented below for its first month of operations. Jan. 7 15 23 Credit Sales Chiu Corp. Elbaz Inc. Lewis Corp. $1,980 5,660 3,540 Jan. 17 24 29 Cash Collections Chiu Corp. Elbaz Inc. Lewis Corp. $710 2.200 3,540 Post the above transactions individually to the accounts receivable subsidiary ledger for each customer, and in summary form at the end of the month to the Accounts Receivable control account in the general ledger. (If the ending balance is O enter that amount on the normal balance side for accounts receivable.) Accounts Receivable Subsidiary Ledger
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