Cullumber 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 $305,900; the Accounts Payable control account had a credit balance of $85,600. 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 Purchases journal Cash receipts journa Accounts receivable column tota $134,300 Cash payments journal Accounts payable column total Total sales $167,700 $56,000 Total purchases $48,300 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 LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE 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 LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE