FUND.ACCT.PRIN.-CONNECT ACCESS
25th Edition
ISBN: 9781260780185
Author: Wild
Publisher: MCG
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Question
Chapter 7, Problem 14QS
To determine
Concept Introduction:
General ledger: A general ledger contains the summarized information taken from its subsidiary ledgers.
Subsidiary Ledger: A Subsidiary Ledger is prepared for the one account of the general ledger. There may be several subsidiary ledgers or one general ledger.
Requirement-1:
To prepare:
To determine
Concept Introduction:
General ledger: A general ledger contains the summarized information taken from its subsidiary ledgers.
Subsidiary Ledger: A Subsidiary Ledger is prepared for one account of the general ledger. There may be several subsidiary ledgers or one general ledger.
Requirement-2:
To prepare:
Accounts Receivable and Sales General Ledger T accounts
To determine
Concept Introduction:
General ledger: A general ledger contains the summarized information taken from its subsidiary ledgers.
Subsidiary Ledger: A Subsidiary Ledger is prepared for one account of the general ledger. There may be several subsidiary ledgers or one general ledger.
Requirement-3:
To prepare:
A Schedule of Accounts Receivable and reconciliation of its balance with the Accounts receivable controlling account balance
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Students have asked these similar questions
Warton Company posts individual sales to the accounts receivable subsidiary ledger immediately. At the end of each month, Warton posts the end-of-month totals to the general ledger.
July 2
Mary Mack
$ 9,400
July 8
Eric Horner
11,900
July 10
Troy Wilson
14,200
July 14
Hong Jiang
21,300
July 20
Troy Wilson
12,000
July 29
Mary Mack
8,100
Total credit sales
76,900
Required:
Post the amounts to the accounts receivable subsidiary ledger for each of these customers above.
Post the end-of-month total to Accounts Receivable controlling T-account and a Sales T-account.
Prepare a schedule of accounts receivable and prove (confirm) that its total equals the Accounts Receivable controlling account balance.
Identifying transactions in the accounts receivable subsidiary ledger
A customer account in the accounts receivable subsidiary ledger of Leger Old Company follows:
Describe the three posted transactions.
Answer the balance column of the general ledg
Chapter 7 Solutions
FUND.ACCT.PRIN.-CONNECT ACCESS
Ch. 7 - Prob. 1QSCh. 7 - Prob. 2QSCh. 7 - Identifying general and subsidiary ledgers C2 For...Ch. 7 - QS 7-4 Controlling accounts and subsidiary ledgers...Ch. 7 - QS7-3
Identifying the special journal of...Ch. 7 - Prob. 6QSCh. 7 - Prob. 7QSCh. 7 - Prob. 8QSCh. 7 - QS 7-9 Identifying journal of entry P1 P2 P3...Ch. 7 - Prob. 10QS
Ch. 7 - Prob. 11QSCh. 7 - Prob. 12QSCh. 7 - Prob. 13QSCh. 7 - Prob. 14QSCh. 7 - Prob. 15QSCh. 7 - Prob. 1ECh. 7 - Exercise 7-2 Identifying journal of entry P1 P2 P3...Ch. 7 - Prob. 3ECh. 7 - Exercise 7-4 Identifying journal of entry P1 P2 P3...Ch. 7 - Prob. 5ECh. 7 - Exercise 7-6 Purchases journal P3 Gomez Company...Ch. 7 - Prob. 7ECh. 7 - Exercise 7-8 Identifying journal of entry P1 P2 P3...Ch. 7 - Prob. 9ECh. 7 - Exercise 7-10 Purchases journal and error...Ch. 7 - Prob. 11ECh. 7 - Exercise 7-10
Posting to subsidiary ledger...Ch. 7 - Exercise 7-13 Days 'payable outstanding A1
The...Ch. 7 - Prob. 14ECh. 7 - Prob. 1PSACh. 7 - Prob. 2PSACh. 7 - Problem 7-3A Special journals, subsidiary ledgers,...Ch. 7 - Prob. 1PSBCh. 7 - Prob. 2PSBCh. 7 - Prob. 3PSBCh. 7 - Assume that Santana Rey expands Business...Ch. 7 - Prob. 1CPCh. 7 - Prob. 1GLPCh. 7 - Prob. 1AACh. 7 - Prob. 2AACh. 7 - Prob. 3AACh. 7 - Prob. 1DQCh. 7 - Prob. 2DQCh. 7 - Prob. 3DQCh. 7 - Prob. 4DQCh. 7 - What purpose is served by the output devices of an...Ch. 7 - When special journals are used, they are usually...Ch. 7 - Prob. 7DQCh. 7 - Prob. 8DQCh. 7 - Credits to customer accounts and credits to Other...Ch. 7 - Prob. 10DQCh. 7 - Prob. 1BTNCh. 7 - Prob. 2BTNCh. 7 - Prob. 3BTNCh. 7 - Prob. 4BTN
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