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Exercise 7-04 a-d (Part Level Submission) Sandhill Company has a balance in its Accounts Receivable control account of $10,700 on January 1, 2020. The subsidiary
Exercise 7-04 a-d (Part Level Submission) Sandhill Company has a balance in its Accounts Receivable control account of $10,700 on January 1, 2020. The subsidiary ledger contains three accounts: Bixler Company, balance $3,500; Cuddyer Company, balance $2,300; and Freeze Company. During January, the following receivable-related transactions occurred. Bixler Company Cuddyer Company Freeze Company Credit Sales Collections Returns $8.500 $3,300 SO 6,900 3,200 9,000 9,300 0 2,700 Your answer is correct. What is the January 1 balance in the Freeze Company subsidiary account? Balance in the Freeze Company Subsidiary account 4900 Click if you would like to show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT (b) Your answer is correct. What is the January 31 balance in the control account? Balance in the control account 11600 Click if you would like to Show Work for this question: Open Show Work : SHOW SOLUTION SHOW ANSWER LINK TO TEXT (c) Compute the balances in the subsidiary accounts at the end of the month. Balances in the subsidiary accounts Bixler $ Cuddyer s Freeze Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
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