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Exercise 7-04 a-d Sheridan Company has a balance in its Accounts Receivable control account of $10,800 on January 1, 2020. The subsidiary ledger contains three
Exercise 7-04 a-d Sheridan Company has a balance in its Accounts Receivable control account of $10,800 on January 1, 2020. The subsidiary ledger contains three accounts: Bixler Company, balance $4,500; Cuddyer Company, balance $2,700; and Freeze Company. During January, the following receivable-related transactions occurred. Bixler Company Cuddyer Company Freeze Company Credit Sales $8,600 6,800 8,700 Collections $7,600 2,300 8,700 Returns SO 3,100 0 What is the January 1 balance in the Freeze Company subsidiary account? Balance in the Freeze Company subsidiary account $ What is the January 31 balance in the control account? Balance in the control account $ Compute the balances in the subsidiary accounts at the end of the month. Balances in the subsidiary accounts Bixler Cuddyer S Freeze s 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
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