Chapter 7, Problem 7.1DC

Decision Case 7-1

A fire destroyed certain accounting records of Green Books. The controller, Marilyn Green, asks your help in reconstructing the records. All of the sales are on account, with credits terms of n/30. The only accounting record preserved from the fire is the accounts receivable subsidiary ledger, which follows.

Requirements

1. Determine the beginning and ending balances of Accounts Receivable.
2. Determine the sales on account in the month of April.
3. Determine total cash receipts on account from customers during April.

Garcia Sales
	Balance
Date	Post. Ref.	Debit	Credit	Debit	Credit
Apr. 1				450
3	CR.8		450	0
25	S.6	3,600		3,600
29	S.6	1,100		4,700

Leewright, Inc.
	Balance
Date	Post. Ref.	Debit	Credit	Debit	Credit
Apr. 1				2,800
15	S.6	2,600		5,400
29	CR.8		1,500	3,900

Sally Jones
	Balance
Date	Post. Ref.	Debit	Credit	Debit	Credit
Apr. 1				1,100
5	CR.8		1,100	0
11	S.6	400		400
21	CR.8		400	0
24	S.6	2,000		2,000

Jacques LeHavre
	Balance
Date	Post. Ref.	Debit	Credit	Debit	Credit
Apr. 1				0
8	S.6	2,400		2,400
16	S.6	900		3,300
18	CR.8		2,400	900
19	J.5		200	700
27	CR.8		700	0