QS 7-5 Controlling accounts and subsidiary ledgers LO C3

Following is information from Fredrickson Company for its initial month of business.

1. Journalize the above transactions in the accounts receivable subsidiary ledger. 2. Journalize the accounts receivable balance listed in the general ledger at months end.

Credit Sales Cash Collections $ 2,000 1,600 1,300 Jan. 10 Stern Company $ 4,000 Jan. 20 Stern Company 19 Diaz Brothers 23 Rex Company 1,600 2,500 28 Diaz Brothers 31 Rex Company