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On September 1, the balance of the Accounts Receivable control account in the general ledger of Wildhorse Company was $10,670. The customers' subsidiary ledger
On September 1, the balance of the Accounts Receivable control account in the general ledger of Wildhorse Company was $10,670. The customers' subsidiary ledger contained account balances as follows: Hurley $1,230, Andino $2,490, Fowler $2,000, and Sogard $4,950. At the end of September, the various journals contained the following information. Sales journal: Cash receipts journal: General journal: Sales to Sogard $770, to Hurley $1,220, to Giambi $1,330, and to Fowler $1,070. Cash received from Fowler $1,400, from Sogard $2,210, from Giambi $310, from Andino $1,790, and from Hurley $1,290. An allowance is granted to Sogard $280. Set up control and subsidiary accounts and enter the beginning balances. Accounts Receivable Date Explanation Ref. Debit Sept. 1 Balance Credit Balance Accounts Receivable Subsidiary Ledger Fowler Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Sogard Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Giambi Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Andino Date Explanation Ref. Debit Credit Balance Sept. 1 Balance V Hurley Date Explanation Ref. Debit Credit Balance Sept. 1 Balance (b) Post the various journals. Post the items as individual items or as totals, whichever would be the appropriate procedure. (No sales discounts given.) Accounts Receivable Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 10,670 S CR Fowler Accounts Receivable Subsidiary Ledger Date Explanation Ref. Debit Sept. 1 Balance V S CR Credit Balance 2,000 Sogard Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 4,950 S Giambi CR G Date Explanation Ref. Debit Credit Balance Sept. 1 0 S CR Andino Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 2,490 CR Hurley Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 1,230 eTextbook and Media S CR Prepare a schedule of accounts receivable and prove the agreement of the controlling account with the subsidiary ledger at September 30, 2022. WILDHORSE COMPANY Schedule of Accounts Receivable As of September 30, 2022 Total
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