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Alted Compary mantains s separate accounts receivable account for each customer. On une 1 8 , Altech provides $ 6 , 4 0 0 o
Alted Compary mantains s separate accounts receivable account for each customer. On
une Altech provides $ o f serices on account to customer Anthony and $ of
senics on account to customer Walker. How will these two transactions affect the control
and subsidaryaccounts?
The control a ccant Accounts Receirable, will be incresesed with d debit of
The contol account wil have odebit balance and the subsidian accounts will hive a c cedit balance.
Thiskers the eccourting equabion in balance.
The indidual astomer accounts inthe subsidary ledger will be increased with credits.
Ater possing these tansacions the sum of the balances in subsidiar y accounts receivable will not
equalte contol account babance.
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