Unit 1 question 18 %24Current Attempt in ProgressOn September 30, after all monthly postings had been completed, the Accounts Receivable control account in the general ledger hadebit balance of $268,000; the Accounts Payable control account had a credit balance of $132,000.The October transactions recorded in the special journals are presented below.Special JournalsOctober TransactionsSales journalTotal sales00090Purchases journalTotal purchases000'86Cash receipts journalAccounts receivable column total151,000Cash payments journalAccounts payable column total000(a).Compute the balance of the accounts receivable control accounts after the monthly postings on October 31.Accounts Receivable BalanceeTextbook and MediaSave for LaterAttempts: 0 of 3 usedSubmit Answer(b)The parts of this question must be completed in order. This part will be available when you complete the part above.

Accounts Receivable Control Account shows the balances of changes in the receivables made because of…

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Compute the balance of the accounts receivable control accounts after the monthly postings on October 31. Accounts Receivable Balance %24 eToxtbo

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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Question

Unit 1 question 18

%24
Current Attempt in Progress
On September 30, after all monthly postings had been completed, the Accounts Receivable control account in the general ledger ha
debit balance of $268,000; the Accounts Payable control account had a credit balance of $132,000.
The October transactions recorded in the special journals are presented below.
Special Journals
October Transactions
Sales journal
Total sales
00090
Purchases journal
Total purchases
000'86
Cash receipts journal
Accounts receivable column total
151,000
Cash payments journal
Accounts payable column total
000
(a).
Compute the balance of the accounts receivable control accounts after the monthly postings on October 31.
Accounts Receivable Balance
eTextbook and Media
Save for Later
Attempts: 0 of 3 used
Submit Answer
(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.

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