1. Use the final balances of the customer accounts after completing Exercise 7.9 to prepare a schedule...

Question:

1. Use the final balances of the customer accounts after completing Exercise 7.9 to prepare a schedule of for Calderone Company at January 31, 2019.
2. Should the total of your schedule agree with the balance of the account in the general ledger at January 31, 2019?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...