Question
Sheridan Company has a balance in its Accounts Receivable control account of $10,800 on January 1, 2022. The subsidiary ledger contains three accounts: Bixler Company,
Sheridan Company has a balance in its Accounts Receivable control account of $10,800 on January 1, 2022. The subsidiary ledger contains three accounts: Bixler Company, balance $4,500; Cuddyer Company, balance $2,700; and Freeze Company. During January, the following receivable-related transactions occurred.
Credit Sales | Collections | Returns | ||||
---|---|---|---|---|---|---|
Bixler Company | $8,600 | $7,600 | $ 0 | |||
Cuddyer Company | 6,800 | 2,300 | 3,100 | |||
Freeze Company | 8,700 | 8,700 | 0 |
What is the January 1 balance in the Freeze Company subsidiary account?
Balance in the Freeze Company subsidiary account | $enter the Balance in the Freeze Company subsidiary account in dollars |
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Assistance Used
What is the January 31 balance in the control account?
Balance in the control account | $enter the Balance in the control account in dollars |
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Compute the balances in the subsidiary accounts at the end of the month.
Bixler | $enter a dollar amount |
---|---|
Cuddyer | $enter a dollar amount |
Freeze | $enter a dollar amount |
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Which January transaction would not be recorded in a special journal? select a transaction CollectionsSales ReturnCredit Sales
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