Bill Mellen Company has a balance in its Accounts Receivable control account of €10,200 on January 1, 2017. The subsidiary ledger contains three accounts: Burris Company, balance €4,000; Uhlig Company, balance €2,500; and Lopata Company. During January, the following receivable-related transactions occurred.

Credit Sales Collections Returns

Instructions

(a) What is the January 1 balance in the Lopata 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 Returns Burris Company Uhlig Company Lopata Company €9,000 7,000 €8,000 2,500 9,000 €-0- 3,000 -0- 8,300