Question
On September 1, the balance of the Accounts Receivable control account in the general ledger of Montgomery Company was $10,520. The customers subsidiary ledger contained
On September 1, the balance of the Accounts Receivable control account in the general ledger of Montgomery Company was $10,520. The customers subsidiary ledger contained account balances as follows: Hurley $1,450, Andino $2,290, Fowler $2,080, and Sogard $4,700. At the end of September, the various journals contained the following information. Sales journal: Sales to Sogard $750, to Hurley $1,100, to Giambi $1,360, and to Fowler $1,120. Cash receipts journal: Cash received from Fowler $1,370, from Sogard $2,130, from Giambi $330, from Andino $1,710, and from Hurley $1,190. General journal: An allowance is granted to Sogard $110.Post the various journals. Post the items as individual items or as totals, whichever would be the appropriate procedure. Accounts Receivable Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 10,520 S CR G Accounts Receivable Subsidiary Ledger Fowler Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 2,080 S CR Sogard Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 4,700 S CR G Giambi Date Explanation Ref. Debit Credit Balance Sept. 1 0 S CR Andino Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 2,290 CR Hurley Date Explanation Ref. Debit Credit Balance Sept. 1 Balance 1,450 SR CR
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