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QS 7-4 (Static) Controlling accounts and subsidiary ledgers LO C2 Following is information from Fredrickson Company for its first month of business. Credit Sales Cash
QS 7-4 (Static) Controlling accounts and subsidiary ledgers LO C2 Following is information from Fredrickson Company for its first month of business. Credit Sales Cash Collections January 10 Stern Company $ 4,000 January 20 Stern Company $ 2,000 January 19 Diaz Brothers 1,600 January 28 Diaz Brothers 1,600 January 23 Rex Company 2,500 January 31 Rex Company 1,300 Journalize the above transactions in the accounts receivable subsidiary ledger. Journalize the accounts receivable balance listed in the general ledger at months end.
QS 7-4 (Static) Controlling accounts and subsidiary ledgers LO C2 Following is information from Fredrickson Company for its first month of business. Credit Sales January 10 January 19 January 23 Stern Company Diaz Brothers Rex Company Cash Collections $ 4,000 January 20 Stern Company 1,600 January 28 Diaz Brothers 2,500 January 31 Rex Company $ 2,000 1,600 1,300 1. Journalize the above transactions in the accounts receivable subsidiary ledger. 2. Journalize the accounts receivable balance listed in the general ledger at month's end. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Journalize the accounts receivable balance listed in the general ledger at month's end. GENERAL LEDGER Accounts Receivable Debit Date January 31 Cash Receipts January 31 Sales Credit 4,900 Balance (4,900) 3,200 8,100Step by Step Solution
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