1. Use the final balances of the customer accounts after completing Exercise 7.9 to prepare a schedule of accounts receivable for Calderone Company at January 31, 2016.

In Exercise 7.9

2. Should the total of your accounts receivable schedule agree with the balance of the Accounts Receivable account in the general ledger at January 31, 2016?

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40 GENERAL JOURNAL PAGE POST. REF. DATE DESCRIPTION DEBIT CREDIT 1 2016 Jan. 8 Cash 640 00 6 40 00 3 Accounts Receivable/John Gibrone Received partial payment on 4 account from John Gibrone Б 20 Sales Returns and Allowances 200 00 16 00 Sales Tax Payable Accounts Receivable/Jim Garcia 2 16 00 Accept return of defective 10 10 merchandise, Credit 11 11 12 Memorandum 121; original sale 12 made on Sales Slip 11102 of 13 13 December 27, 2015 14 14