Yu Suzuki Company has a balance in its Accounts Receivable control account of \($11,000\) on January 1, 2008. The subsidiary ledger contains three accounts: Smith Company, balance \($4,000;\) Green Company, balance \($2,500;\) and Koyan Company. During January, the following receivable-related transactions occurred.

Instructions

(a) What is the January 1 balance in the Koyan Company subsidiary account?

(b) What is the January 31 balance in the control account?

(c) Compute the balances in the subsidiary accounts at the end of the month.

(d) Which January transaction would not be recorded in a special journal?

Transcribed Image Text:

Credit Sales Collections Smith Company $9,000 $8,000 Returns $ -0- Green Company 7,000 2,500 3,000 Koyan Company 8,500 9,000 -0-