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Information related to Oak Limited is presented below for its first month of operations. Jan. 7 15 23 Jan. 7 Credit Sales Jan. 17 Chiu
Information related to Oak Limited is presented below for its first month of operations. Jan. 7 15 23 Jan. 7 Credit Sales Jan. 17 Chiu Corp. Elbaz Inc. Lewis Corp. $1,630 Jan. 17 6,150 3,850 24 29 Cash Collections Chiu Corp. Elbaz Inc. Lewis Corp. $740 Post the above transactions individually to the accounts receivable subsidiary ledger for each customer, and in summary form at the end of the month to the accounts receivable control account in the general ledger. (If the ending balance is O enter that amount on the normal balance side for accounts receivable.) Accounts Receivable Subsidiary Ledger Chiu Corp 2,040 3,850
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