I want to correct answer accounting questions At the beginning of June, the accounts receivable subsidiary ledgershowed balances for Red Inc. of $8,000 and Blue Corp. of $6,000.During June, credit sales were made to Red Inc. for $7,500, Blue Corp.for $5,000, and Green Ltd. for $9,000. Cash was collected on accountfrom Blue Corp. for $8,000 and Green Ltd. for $4,500. At the end ofJune, the control account Accounts Receivable in the general ledgershould have a balance of:a. $14,000b. $23,000c. $35,500d. $16,000

Step 1: Definition of Accounts Receivable Control AccountThe control account in the general ledger…

Answered: At the beginning of June, the accounts…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 8EA: Maddie Inc. has the following transactions for its first month of business. A. What are the...

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Catherines Cookies has a beginning balance in the Accounts Receivable control total account of $8,200. $15,700 was credited to Accounts Receivable during the month. In the sales journal, the Accounts Receivable debit column shows a total of $12,000. What is the ending balance of the Accounts Receivable account in the general ledger?
Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200. In the cash disbursements journal, the Accounts Payable column has total debits of $6,800 for November. The Accounts Payable credit column in the purchases journal reveals a total of $10,500 for the current month. Based on this information, what is the ending balance in the Accounts Payable account in the general ledger?
Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of March 20Y8 are as follows: Prepare a single-column revenue journal and a cash receipts journal to record these transactions. Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. Place a check mark () in the Post. Ref. column to indicate when the accounts receivable subsidiary ledger should be posted.
On September 1, the balance of the Accounts Receivable control account in the general ledger of Cullumber Company was $10,390. The customers’ subsidiary ledger contained account balances as follows: Hurley $1,320, Andino $2,360, Fowler $2,080, and Sogard $4,630. At the end of September, the various journals contained the following information. Sales journal: Sales to Sogard $740, to Hurley $1,160, to Giambi $1,370, and to Fowler $1,130. Cash receipts journal: Cash received from Fowler $1,300, from Sogard $2,350, from Giambi $370, from Andino $1,810, and from Hurley $1,320. General journal: An allowance is granted to Sogard $150. (a) Set up control and subsidiary accounts and enter the beginning balances. Accounts Receivable Date Explanation Ref. Debit Credit Balance Sept. 1 Balance √ enter a debit amount enter a credit amount enter a balance amount Accounts Receivable Subsidiary Ledger Fowler…
On September 1, the balance of the Accounts Receivable control account in the general ledger of Ivanhoe Company was $10,790. The customers' subsidiary ledger contained account balances as follows: Hurley $1,320, Andino $2,710, Fowler $2,020, and Sogard $4,740. At the end of September, the various journals contained the following information. Sales journal: Cash receipts journal: General journal: Sales to Sogard $840, to Hurley $1,130, to Giambi $1,390, and to Fowler $1,210. Cash received from Fowler $1,370, from Sogard $2,300, from Giambi $280, from Andino $1,770, and from Hurley $1,100. An allowance is granted to Sogard $320. (a) (b) Post the various journals. Post the items as individual items or as totals, whichever would be the appropriate procedure. (No sales discounts given.) Accounts Receivable Date Explanation Ref. Sept. 1 Balance Debit Credit Balance V 10,790 S CR
Presented below is information related to Sunland Company for its first month of operations. Credit Sales Cash Collections Jan. 7 Austin Co. $11,100 Jan. 17 Austin Co. $7,700 15 Diaz Co. 8,000 24 Diaz Co. 4,800 23 Noble Co. 9,800 29 Noble Co. 9,800 Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable balance that appears in the general ledger at the end of January. Subsidary Ledger General Led Austin Co. Diaz Co. Noble Co. Balance of Accounts Receivable %24
The following is information related to Sunland Company for its first month of operations. Credit Sales Cash Collections Jan. 7 15 Austin Co. $11,600 Diaz Co. Jan. 17 Austin Co. $7,500 7,200 24 Diaz Co. 4,500 23 Noble Co. 10,000 29 Noble Co. 10,000 Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable balance that appears in the general ledger at the end of January. Balance of Accounts Receivable $ Austin Co. $ Subsidary Ledger Diaz Co. $ Noble Co. $ General Led
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The following is information related to Sheridan Company for its first month of operations. Credit Sales Cash Collections Jan. 7 Austin Co. $ 10,600 Jan. 17 Austin Co. $ 7,500 15 Diaz Co. 7,700 24 Diaz Co. 4,300 23 Noble Co. 10,300 29 Noble Co. 10,300 Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable balance that appears in the general ledger at the end of January. Subsidiary Ledger Austin Co. Diaz Co. Noble Co. General ledger Balance of Accounts Receivable $ enter a dollar amount $ enter a dollar amount $ enter a dollar amount $ enter a dollar amount
On September 30, Valerian Co. had a $105,000 balance in Accounts Receivable. Please provide answer this general accounting question?
On September 30, Valerian Co. had a $111,500 balance in Accounts Receivable. During October, the company collected $111,890 from its credit customers. The October 31 balance in Accounts Receivable was $107,000. Determine the amount of sales on account that occurred in October.
On April 30, Holden Company had an Accounts Receivable balance of $18,000. During the month of May. total credits to Accounts Receivable were $52,000 from customer payments. The May 31 Accounts Receivable balance was $13.000. What was the amount of credit sales during May? O $52,000. O $32,000. O $47,000. $57,000. O 55,000.

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