Practice Q 3/10

Presented below is information related to Wildhorse Company for its first month of operations.

Credit Sales						Cash Collections
Jan. 7		Austin Co.		$15,200		Jan. 17		Austin Co.		$8,000
15		Diaz Co.		7,300		24		Diaz Co.		4,800
23		Noble Co.		9,600		29		Noble Co.		9,600

Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable balance that appears in the general ledger at the end of January.

		Subsidary Ledger						General Ledger
		Austin Co.		Diaz Co.		Noble Co.
Balance of Accounts Receivable		$		$		$		$