At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Apple Company of $5,000 and Berry Company of $7,000. During the month, credit sales were made to Apple for $6,000, Berry for $4,500, and Cantaloupe for $8,500. Cash was collected on account from Berry for $11,500 and Cantaloupe for $3,000. At the end of the month, the control account Accounts Receivable in the general ledger should have a balance of: a. $12,000 b. $31,000 c. $16,500 d. $11,000
At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Apple Company of $5,000 and Berry Company of $7,000. During the month, credit sales were made to Apple for $6,000, Berry for $4,500, and Cantaloupe for $8,500. Cash was collected on account from Berry for $11,500 and Cantaloupe for $3,000. At the end of the month, the control account Accounts Receivable in the general ledger should have a balance of: a. $12,000 b. $31,000 c. $16,500 d. $11,000
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....
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Question
![At the beginning of the month, the accounts receivable subsidiary ledger
showed balances for Apple Company of $5,000 and Berry Company of
$7,000. During the month, credit sales were made to Apple for $6,000, Berry
for $4,500, and Cantaloupe for $8,500. Cash was collected on account from
Berry for $11,500 and Cantaloupe for $3,000. At the end of the month, the
control account Accounts Receivable in the general ledger should have a
balance of:
a. $12,000
b. $31,000
c. $16,500
d. $11,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb17a23b5-ee89-40db-970c-975f9bb2b624%2F1e57081e-eff8-46b9-b90b-2cb93b7e5a6c%2F7v00yij_processed.jpeg&w=3840&q=75)
Transcribed Image Text:At the beginning of the month, the accounts receivable subsidiary ledger
showed balances for Apple Company of $5,000 and Berry Company of
$7,000. During the month, credit sales were made to Apple for $6,000, Berry
for $4,500, and Cantaloupe for $8,500. Cash was collected on account from
Berry for $11,500 and Cantaloupe for $3,000. At the end of the month, the
control account Accounts Receivable in the general ledger should have a
balance of:
a. $12,000
b. $31,000
c. $16,500
d. $11,000
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