PA1. LO 7.2On June 30, Oscar Inc.’s bookkeeper is preparing to close the books for the month. The accounts receivable control total shows a balance of $2,820.76, but the accounts receivable subsidiary ledger shows total account balances of $2,220.76. The accounts receivable subsidiary ledger is shown here. Can you help find the mistake?
PA1. LO 7.2On June 30, Oscar Inc.’s bookkeeper is preparing to close the books for the month. The accounts receivable control total shows a balance of $2,820.76, but the accounts receivable subsidiary ledger shows total account balances of $2,220.76. The accounts receivable subsidiary ledger is shown here. Can you help find the mistake?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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PA1.
LO 7.2On June 30, Oscar Inc.’s bookkeeper is preparing to close the books for the month. The
Transcribed Image Text:ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Account: Amazoon
AR No. 246
Balance
Date
Item
Ref.
Debit
Credit
Debit
Beginning Balance
Payment
1,200.50
Apr. 5
CR 175
1200.50
0.00
Account: Cadberry
AR No. 357
Balance
Date
Item
Ref.
Debit
Credit
Debit
Beginning Balance
877.30
Apr. 8
Invoice 210
SJ 123
300
1,177.30
Account: Hewlit Pickard
AR No. 468
Balance
Date
Item
Ref.
Debit
Credit
Debit
Beginning Balance
172.99
Apr. 28
Invoice 211
SJ 123
100
272.99
Account: Neatflicks inc.
AR No. 579
Balance
Date
Item
Ref.
Debit
Credit
Debit
Beginning Balance
Payment
1,570.47
Apr. 6
Apr. 22
CR 175
500
1,070.47
Invoice 212
CJ 123
300
770.47
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