Exercise 7.9 (Static) Preparing a schedule of accounts receivable. LO 7-6

The accounts receivable ledger for Modern Vintage Antiques follows below.

Name: Stella Bianco
Address: 917 Broadway, New York, NY 10018
Date		Description	Post. Ref.		Debit		Credit		Balance
20X1
Jan.	1	Balance							1,475
	2	Sales Slip 1801	S1		640				2,115

Name: Edward Charleston
Address: 2022 5th Avenue, New York, NY 10018
Date		Description	Post. Ref.		Debit		Credit		Balance
20X1
Jan.	1	Balance							378
	27	Sales Slip 1824	S1		189				567
	31		CR1				184		383

Name: Neal Feingold
Address: 98 Houston Street, New York, NY 10018
Date		Description	Post. Ref.		Debit		Credit		Balance
20X1
Jan.	1	Balance							324
	15	Sales Slip 1812	CR1				324		0
	31		S1		756				756

Name: Don Peterson
Address: 5063 Park Avenue, New York, NY 10019
Date		Description	Post. Ref.		Debit		Credit		Balance
20X1
Jan.	1	Balance							648
	20	Sales Slip 1819	S1		216				864
	21		CR1				450		414
	22	Sales Slip 1822	S1		810				1,224

Name: Maria Sanchez
Address: 2111 West 32nd Street, New York, NY 10019
Date		Description	Post. Ref.		Debit		Credit		Balance
20X1
Jan.	1	Balance							486
	31	Sales Slip 1840	S1		2,214				2,700

Name: Ann Yang
Address: 721 Lexington Avenue, New York, NY 10027
Date		Description	Post. Ref.		Debit		Credit		Balance
20X1
Jan.	1	Balance							2,376
	12		CR1				1,188		1,188
	17	Sales Slip 1817	S1		984				2,172

Required:

Prepare a schedule of accounts receivable as of January 31, 20X1.

What should be the balance in the Accounts Receivable (control) account?

Required 1

Required 2

Prepare a schedule of accounts receivable as of January 31, 20X1.

MODERN VINTAGE ANTIQUES
Schedule of Accounts Receivable
January 31, 20X1
Total	$0

Required 2

What should be the balance in the Accounts Receivable (control) account?

Accounts receivable balance