Musac Hi Fi Ltd uses both special journals and a general journal as described in this chapter.
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Musac Hi Fi Ltd uses both special journals and a general journal as described in this chapter. Musac Hi Fi Ltd also posts customers’ accounts in the accounts receivable subsidiary ledger. The postings for the most recent month are included in the subsidiary T accounts below.
Required
Determine the correct amount of the end-of-month posting from the sales journal to the Accounts Receivable Control account.
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Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
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