Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 8 of 12 0.33/2 View Policies Show Attempt History Current Attempt in Progress On September 1, the balance of the Accounts Receivable control account

image text in transcribedimage text in transcribed

Question 8 of 12 0.33/2 View Policies Show Attempt History Current Attempt in Progress On September 1, the balance of the Accounts Receivable control account in the general ledger of Cullumber Company was $10.910. The customers' subsidiary ledger contained account balances as follows: Hurley $1,330, Andino $ 2.600, Fowler $ 2.170, and Sogard $4,810. At the end of September, the various journals contained the following information Sales journal: Sales to Sogard $ 890, to Hurley $ 1.170. to Giambi $1,220, and to Fowler $ 1.200. Cash receipts journal: Cash received from Fowler $ 1.240, from Sogard $ 2.170. from Giambi $ 240, from Andino $ 1.610, and from Hurley $ 1.200. General journal: An allowance is granted to Sogard $290. (a) Your answer is partially correct. Set up control and subsidiary accounts and enter the beginning balances. Accounts Receivable Date Explanation Ref. Sept. 1 Balance Debit Credit B Accounts Receivable Subsidiary Ledger Fowler Date Explanation Ref. Debit Credit B Sept. 1 Balance 481d Sogard Date Explanation Ref. TE Debit Credit Sept. 1 Balance 4810 Giambi Date Explanation Ref. Debit Credit Sept. 1 Balance 1220 Debit Credit Andino Date Explanation Ref. Sept. 1 Balance Hurley Date Explanation Ref. Debit Credit Sept. 1 Balance Question 8 of 12 0.33/2 III Your answer is partially correct. Set up control and subsidiary accounts and enter the beginning balances. Accounts Receivable Date Explanation Ref. Debit Credit Ba Sept. 1 Balance Accounts Receivable Subsidiary Ledger Fowler Date Explanation Ref. Debit Credit Ba Sept. 1 Balance 4810 Sogard Date Explanation Ref. Debit Credit Ba Sept. 1 Balance 4810 Giambi Date Explanation Ref. Debit Credit Ba Sept. 1 Balance 1220 Andino Date Explanation Ref. Debit Credit Ba Sept. 1 Balance Hurley Date Explanation Ref. Debit Credit Ba Sept. 1 Balance e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer (b) b The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above

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

Payroll Accounting

Authors: Bernard J. Bieg, Judith A. Toland

2013 edition

113396253X, 978-1133962533

More Books

Students also viewed these Accounting questions