Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
7th Edition
ISBN: 9781260581256
Author: John Wild
Publisher: McGraw-Hill Education
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Chapter 7, Problem 1E

Accounts receivable subsidiary ledger; schedule of accounts receivable C1
Vail Company recorded the following transactions during November.

  1. Open a general ledger having T-accounts for Accounts Receivable, Sales, and Sales Returns and Allowances. Also open an accounts receivable subsidiary ledger having a T-account for each of its three customers. Post these entries to both the general ledger and the accounts receivable ledger.
  2. Prepare a schedule of accounts receivable (see Exhibit 7.4) and compare its total with the balance of the Accounts Receivable controlling account as of November 30.
  3. Check Accounts Receivable ending balance, $9,301
    Chapter 7, Problem 1E, Accounts receivable subsidiary ledger; schedule of accounts receivable C1 Vail Company recorded the

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Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card

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