The following is information related to Sheridan Company for its first month of operations. Credit Sales Cash Collections Jan. 7 Austin Co. $ 10,600 Jan. 17 Austin Co. $ 7,500 15 Diaz Co. 7,700 24 Diaz Co. 4,300 23 Noble Co. 10,300 29 Noble Co. 10,300 Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable balance that appears in the general ledger at the end of January. Subsidiary Ledger Austin Co. Diaz Co. Noble Co. General ledger Balance of Accounts Receivable $ enter a dollar amount $ enter a dollar amount $ enter a dollar amount $ enter a dollar amount
The following is information related to Sheridan Company for its first month of operations. Credit Sales Cash Collections Jan. 7 Austin Co. $ 10,600 Jan. 17 Austin Co. $ 7,500 15 Diaz Co. 7,700 24 Diaz Co. 4,300 23 Noble Co. 10,300 29 Noble Co. 10,300 Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable balance that appears in the general ledger at the end of January. Subsidiary Ledger Austin Co. Diaz Co. Noble Co. General ledger Balance of Accounts Receivable $ enter a dollar amount $ enter a dollar amount $ enter a dollar amount $ enter a dollar amount
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 7SEA
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The following is information related to Sheridan Company for its first month of operations.
|
Credit Sales |
Cash Collections |
|||||||||
|
Jan. 7 |
Austin Co. |
$ 10,600 |
Jan. 17 |
Austin Co. |
$ 7,500 |
|||||
|
15 |
Diaz Co. |
7,700 |
24 |
Diaz Co. |
4,300 |
|||||
|
23 |
Noble Co. |
10,300 |
29 |
Noble Co. |
10,300 |
Identify the balances that appear in the
|
Subsidiary Ledger |
|
|||||||
|
Austin Co. |
Diaz Co. |
Noble Co. |
General ledger |
|||||
|
Balance of Accounts Receivable |
$ enter a dollar amount |
$ enter a dollar amount |
$ enter a dollar amount |
$ enter a dollar amount |
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