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Just need some help with this question . I filled in some things but I am not sure if it is right. Thank you!! Information
Just need some help with this question . I filled in some things but I am not sure if it is right. Thank you!!
Information related to Elkhardt Limited is presented below for its first month of operations. Credit Sales Cash Collections Jan. 7 Chiu Corp. $ 1,630 Jan. 17 Chiu Corp. $ 740 15 Elbaz Inc. 6,150 24 Elbaz Inc. 2,040 23 Lewis Corp. 3,850 29 Lewis Corp. 3,850 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 Jan. 7 1,630 Jan. 17 Jan. 31 Bal. Lewis Corp Jan. 23 Jan. 31 Bal. Elbaz Inc. Jan. 15 Jan. 31 Bal. General Ledger Control Account Accounts Receivable Jan. 31 Jan. 31 BalStep by Step Solution
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