Accounts Receivable Problem Billionaire Company 38.000 (owed by W. Buffett) Accounts Receivable Balance COGS (Dr) Acct. Rec. (Dr) Inventory (c) Sales (Cry 7,500 15,000 11,000 W. Buffett 10,000 v. Trippetti 4,500 W. Buffett B. Gatos 31,000 62,000 Cash Sales coGs(Dr) Discounts Acct Rec, Sales Accounts CASH RECEIPTS JOURNAL (Cry (Cry (Cr) Inventorien (Dr) (Dr 540 26,000 W. Buffett 4,000 80 3,920 12-Jul B. Gates 15,000 30,000 30,000 8,000 160 7,840 V. Trippetti 2,000 Interest revenue 5,000 5,000 24 Jul 12,500 25,000 25,000 30-Jul 8,000 8,000 31 Jul Owners Capital 27,500 780 43,000 55,000 10,000 107,220 Total (a) Post to both the Accounts Receivable control account in the General Ledger and to the individual Customer Accounts in the Accounts Receivable Subsidiary Ledger. (b) Prove the agreement of the control and subsidiary accounts(schedule of Accounts Receivable)