SCHEDULE OF ACCOUNTS RECEIVABLE From the accounts receivable ledger shown, prepare a schedule of accounts receivable for Pheng Co. as of August 31, 20--. ACCOUNTS RECEIVABLE LEDGERB&G DistributorsS 2628 Burlington Avenue, Chicago, IL 60604-1329OEAN1380 001380 00140 00 124 o 00Aug 3M. Changs 1422 SW Pacific, Chicago, IL 60603-8596ANIAug2136 002136 002136 001112B. Hinschiffa CaMs 133 College Bivd, Des Plaines, IL 60611-44311106 0038 4 001106 001490 00Aug15J22113 Sally M. PitsAES213 East 29th Place, Chicago, IL 60601-6287BALANIAug 211383 8 008 3 8 00Trendsetters, Inc.MOMES 20 Industrial Way, Chicago, IL 60600-5918IANIAug281018 00101800J4

Given that there are 5 parties, but Balance of M. Chang has been cleared by the end of the fiscal…

Answered: From the accounts receivable ledger…

From the accounts receivable ledger shown, prepare a schedule of accounts receivable for Pheng Co. as of August 31, 20--.

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

SCHEDULE OF ACCOUNTS RECEIVABLE From the accounts receivable ledger shown, prepare a schedule of accounts receivable for Pheng Co. as of August 31, 20--.

ACCOUNTS RECEIVABLE LEDGER
B&G Distributors
S 2628 Burlington Avenue, Chicago, IL 60604-1329
OE
AN
1380 00
1380 00
140 00 124 o 00
Aug 3
M. Chang
s 1422 SW Pacific, Chicago, IL 60603-8596
ANI
Aug
2136 00
2136 00
2136 00
11
12
B. Hinschiffa Ca
Ms 133 College Bivd, Des Plaines, IL 60611-4431
1106 00
38 4 00
1106 00
1490 00
Aug
15
J2
21
13

Sally M. Pits
AES
213 East 29th Place, Chicago, IL 60601-6287
BALANI
Aug 21
13
83 8 00
8 3 8 00
Trendsetters, Inc.
MOMES 20 Industrial Way, Chicago, IL 60600-5918
IANI
Aug
28
1018 00
101800
J4

Definition Definition Money that the business will be receiving from its clients who have utilized the credit provided to buy its goods and services. The credit period typically lasts for a short term, lasting from a few days, a few months, to a year.

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