Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 7-04 a-d Blossom Company has a balance in its Accounts Receivable control account of $11,300 on January

image text in transcribed
image text in transcribed
image text in transcribed
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 7-04 a-d Blossom Company has a balance in its Accounts Receivable control account of $11,300 on January 1, 2020. The subsidiary ledger contains three accounts: Bixler Company, balance $4,200; Cuddyer Company, balance $2,200; and Freeze Company. During January, the following receivable-related transactions occurred. Bixler Company Cuddyer Company Freeze Company Credit Sales $9,000 7,100 8,500 Collections Returns $7,900 $ 0 2,600 3,000 8,800 0 What is the January 1 balance e Freeze Company subsidiary account? Balance in the Freeze Company subsidiary account & 4900 What is the January 31 balance in the control account? Balance in the control account 13700 Balance in the control account $ 13700 Compute the balance the subsidiary accounts at the end of the month. Balances in the subsidia, accounts tudy Bixler 5300 Cuddyer 3700 Freeze 4700 Which January transaction would not be recorded in a special journal? Click if you would like to Show Work for this question: Open Show Work signment CALCULATOR FULL SCREEN PRINTER VERSION BACK Your answer is partially correct. Try again. Compute the balances in the subsidiary accounts at the end of the month. Balances in the subsidiary accounts Bixler 5300 Cuddyer 3700 Freeze 470 Collections LINK TO TEXT Sales Returns x Your answer is incorrect. Try again. Credit Sales Which January transaction would not be recorded in a special journal? Credit Sales Click if you would like to Show Work for this question: Open Show Work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Weygandt Kimmel Kieso

10th Edition

0470646462, 978-0470646465

More Books

Students also viewed these Accounting questions

Question

Th e person I wanted to complain about might have lost her job.

Answered: 1 week ago

Question

Th ey would have been rude to me.

Answered: 1 week ago

Question

Who knows? Th ey might have spit in my food in the kitchen.

Answered: 1 week ago