Question
Bradshaw Company has a balance in its Accounts Receivable control account of $13,000 on January 1, 2020. The subsidiary ledger contains three accounts: Brown Company,
Bradshaw Company has a balance in its Accounts Receivable control account of $13,000 on January 1, 2020. The subsidiary ledger contains three accounts: Brown Company, balance $6,000; Smith Company, balance $2,500 and Coco's Company. During January, the following receivable-related transactions occurred.
Credit SalesCollectionsReturnsBrown Company$15,000$8,000$-0-Smith Company9,0004,5001,000Coco's Company8,5006,500-0-
What is the January 1 balance in the Coco's Company subsidiary account?
January 1 balance$
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What is the January 31 balance in the control account?
January 31 balance$
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Compute the balances in the subsidiary accounts at the end of the month.
Brown$
Smith
Coco's
Total$
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Which January transaction wouldnotbe recorded in a special journal?
The
sales return
purchase return
$
would not be recorded in a special journal.
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