Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PA1. LO 7.2 On June 30, Oscar Inc.'s bookkeeper is preparing to close the books for the month. The accounts receivable control total shows a

image text in transcribed
PA1. LO 7.2 On June 30, Oscar Inc.'s bookkeeper is preparing to close the books for the month. The accounts receivable control total shows a balance of $2,820.76, but the accounts receivable subsidiary ledger shows total account balances of $2,220.76. The accounts receivable subsidiary ledger is shown here. Can you help find the mistake? ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Account: Amazoon AR No. 246 Balance Date Item Ref. Debit Credit Debit Beginning Balance Payment 1,200.50 0.00 Apr. 5 CR 175 1200.50 Account: Cadberry AR No. 357 Balance Date Ref. Debit Credit Debit Item Beginning Balance Invoice 210 Apr. 8 SJ 123 877.30 1.177.30 300 Account: Hewlit Pickard AR No. 468 Balance Date Item Ref. Debit Credit Debit Beginning Balance Invoice 211 Apr. 28 SJ 123 172.99 272.99 100 Account: Neatflicks inc. AR No. 579 Balance Date Item Ret. Debit Credit Debit Apr. 6 Apr. 22 Beginning Balance Payment Invoice 212 CR 175 Cj 123 500 300 1.570.47 1,070.47 770.47

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

7th Edition

978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018

More Books

Students also viewed these Accounting questions

Question

Repeat Problem 68 with a diatomic gas. B.

Answered: 1 week ago

Question

6. Identify seven types of hidden histories.

Answered: 1 week ago

Question

What is the relationship between humans and nature?

Answered: 1 week ago