Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The illustration below represents the Accounts Receivable and Accounts Receivable Subsidiary Ledger of the Caitlyn's Canole Company. The sales (SJ) and cash receipts (CR)
The illustration below represents the Accounts Receivable and Accounts Receivable Subsidiary Ledger of the Caitlyn's Canole Company. The sales (SJ) and cash receipts (CR) for the current month have been posted to the accounts. General Ledger Accounts Receivable 1-Nov a SJ CRJ 30-Nov Subsidiary Ledger Cappelini Corp. Linguini Ltd 1-Nov 8,000 1-Nov 4,000 b CRJ 11,000 9,700 6,000 SJ SJ CRJ 30-Nov 10,000 30-Nov 7,700 Manicotti Mfg. Pastina Products 1-Nov 9,000 1-Nov 5,000 6,700 SJ CRJ 7,500 6,300 SJ CRJ 8,200 30-Nov 7,800 30-Nov Ravioli Corp Tubettini Ltd. 1-Nov 10,000 1-Nov 6,000 7,100 SJ CRJ 3,500 2,200 SJ CRJ 5,500 30-Nov 13,600 30-Nov 2,700 Calculate: The November 1st balance in Accounts Receivable 42,000 a b. November sales to Capellini Corp. 13,000 November cash receipts from Pastina Products 3,500 d The total sales for November 45,000 The total cash receipts for November 37,000 e f The November 30th balance in Accounts Receivable 50,000
Step by Step Solution
★★★★★
3.42 Rating (149 Votes )
There are 3 Steps involved in it
Step: 1
Ca lulating Nov st balance a A Ccounts receivable ovi bdl...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started