Exercise 7-01 a-d (Part Level Submission) (Video) Crane Company uses both special journals and a general joumal 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 $325,700; the Accounts Payable control account had a credit balance of $80,100. The July transactions recorded in the special joumals are summarized below. No entries affecting accounts receivable and accounts payable were recorded in the general journal for July. Sales Journal Total sales $171,700 Purchases journal Total purchases Cash receipts journal Accounts receivable column total $131,100 Cash payments journal Accounts payable column total $44,700 $55,900 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 Click if you would like to Show Work for this question: Open Show Work