Nex Company uses both special journals and a general journal as we learned in Chapter 7. On June 30, after all monthly postings had been completed, the Accounts Receivable control account in the general ledger had a debit balance of $311,120; the Accounts Payable control account had a credit balance of $87,105. The July transactions recorded in the special journals are summarized below Sales Journal Purchase Journal $164,200 $56,000 Total Sales Total Purchases Accounts Receivable column total Accounts Payable column total Cash Receipts Journal $130,400 Cash Payments Journal $45,700 What is the balance of the Accounts Receivable control account after the monthly postings on July 31? II What is the balance of the Accounts Payable control account after the monthly postings on July 31