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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

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

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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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.
Transcribed Image Text:%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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