Blossom Company uses both special journals and a general journal as described in this chapter. On June $30,$ after all monthly postings had been completed, the Accounts Receivable control account in the general ledger had a debit balance of $$290,000$; the Accounts Payable control account had a credit balance of $$75,000.$

The July transactions recorded in the special journals are summarized below. No entries affecting accounts receivable and accounts payable were recorded in the general journal for July.

Sales journal

Total sales

$$155,000$

Purchases journal

Total purchases

$$51,000$

Cash receipts journal

Accounts receivable column total

$$125,000$

Cash payments journal

Accounts payable column total

$$40,000$

$($a$)$

Your answer is correct.

What is the balance of the Accounts Receivable control account after the monthly postings on July $31?$

The balance of the Accounts Receivable control account

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$($b$)$

Your answer is incorrect.

What is the balance of the Accounts Payable control account after the monthly postings on July $31?$

The balance of the Accounts Payable control account

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