Question
Information related to Runner Limited is presented below for its first month of operations. Jan. 7 15 23 Credit Sales Chiu Corp. $1,830 Elbaz Inc.
Information related to Runner Limited is presented below for its first month of operations. Jan. 7 15 23 Credit Sales Chiu Corp. $1,830 Elbaz Inc. 5,460 Lewis Corp. 3,580 Account Cash Collections Chiu Corp. 24 Elbaz Inc. Jan. 17 29 Lewis Corp.
$660 2,170 3,580 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.)
Information related to Runner Limited is presented below for its first month of operations. 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 0 enter that amount on the normal balance side for accounts receivable.)Step by Step Solution
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