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counts receivable subsidiary ledger 6. At the begini Accounts Receivable in the general ledger should have a balance of: and Cantaloupe P3,000. At the end of the month, the control account. and Cantaloupe P8,500. Cash was collected on account from Berry P11,500 During the month, credit sales were made to Apple P6,000, Berry P4,500, showed balances for Apple Company P5,000 and Berry Company P7,000. a. P11,000 012.000

counts receivable subsidiary ledger 6. At the begini Accounts Receivable in the general ledger should have a balance of: and Cantaloupe P3,000. At the end of the month, the control account. and Cantaloupe P8,500. Cash was collected on account from Berry P11,500 During the month, credit sales were made to Apple P6,000, Berry P4,500, showed balances for Apple Company P5,000 and Berry Company P7,000. a. P11,000 012.000

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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7. Summary posting from the sales journal normally would be completed in Accounts Receivable in the general ledger should have a balance of: During the month, credit sales were made to Apple P6,000, Berry P4,500, 6. At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Apple Company P5,000 and Berry Company P7,000. and Cantaloupe P3,000. At the end of the month, the control account. and Cantaloupe P8,500. Cash was collected on account from Berry P11,500 11. A a. P11,000 b. P12,000 P16,500. d. P31,000. C. which of the following orders? a. Accounts Receivable, Sales, and Sales Tax Payable columns b. Sales Tax Payable, Sales, and Accounts Receivable columns C. Sales, Sales Tax Payable, and Accounts Receivable columns d. Accounts Receivable, Sales Tax Payable, and Sales columns
Transcribed Image Text:7. Summary posting from the sales journal normally would be completed in Accounts Receivable in the general ledger should have a balance of: During the month, credit sales were made to Apple P6,000, Berry P4,500, 6. At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Apple Company P5,000 and Berry Company P7,000. and Cantaloupe P3,000. At the end of the month, the control account. and Cantaloupe P8,500. Cash was collected on account from Berry P11,500 11. A a. P11,000 b. P12,000 P16,500. d. P31,000. C. which of the following orders? a. Accounts Receivable, Sales, and Sales Tax Payable columns b. Sales Tax Payable, Sales, and Accounts Receivable columns C. Sales, Sales Tax Payable, and Accounts Receivable columns d. Accounts Receivable, Sales Tax Payable, and Sales columns
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