Q1:The accounts receivable ledger:

• Is also the controlling account.

• Stores transaction data for individual customers.

• Is a substitute for the cash receipts journal.

• Stores transaction data for individual creditors.

• Is a substitute for the sales journal.

• Q2:The number of days' sales uncollected is used to:

• Estimate how much time is likely to pass before the current amount of accounts receivable is received in cash.

• Identify the likelihood of collecting sales on account.

• Determine the number of days that have passed without collecting on accounts receivable.

• Measure how many days of sales remain until the end of the year.

• Measure the amount of cash sales during a period.

• Q3:Subsidiary ledgers do all of the following except:

• Aid in error identification for individual accounts.

• Remove excessive detail from the general ledger.

• Eliminate the need for individual postings to the customer or supplier accounts.

• Provide up-to-date information on customer or other specific account balances.

• Help with division of labor (recordkeeping tasks)