1. Use the final balances of the customer accounts after completing Exercise 7.9 to prepare a schedule of accounts receivable for Valentino Company at January 31, 20X1.
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, 20X1?

Data From in Exercise 7.9

Post the entries in the general journal below to the Accounts Receivable account in the general ledger and to the appropriate accounts in the accounts receivable ledger for Valentino Company. Assume the following account balances at January 1, 20X1:

Use 111 as the account number for Accounts Receivable in the general ledger.

Transcribed Image Text:

Accounts Receivable (control account) Accounts Receivable-William Hall Accounts Receivable-Jim Garcia Accounts Receivable-June Lin $10,840 6,400 2,260 2,180