FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Activities: Prepare an Accounts Receivable Subsidiary Ledger of the following
transactions. Write your answer on a separate sheet of paper.
Activity 1
Prepare the Accounts Receivable Subsidiary Ledger for XYZ Company for the year
ended on December 31, 2020.
IV.
December 1:
The opening balance for Mr. James and Mr. John is P
250,000 andP 450,000.
Sold goods to Mr. James on credit for P 300,000.
Received payments from Mr. James, P250,000
Received payments Mr. John, P450,000
December 4:
December 12:
December 16:
Activity 2
Prepare the Accounts Receivable Subsidiary Ledger for ABC Company for the
year ended on August 31, 2019.
Aug. 1:
Aug. 3:
Aug. 13:
Aug. 20:
The opening balance for Ms. Santos and Ms. Cruz is P
200,000 and P 400,000.
Sold goods to M Williams on credit for P 350,000.
Received payments from M Williams, P200,000
Received payments T George, 400,000
Activity 3
Prepare the Accounts Receivable Subsidiary Ledger for XXX Company for the
year ended on July 31, 2020.
July. 1:
July 3:
July 13:
July 20:
The opening balance for Ms. Santos and Ms. Cruz is P
300,000 and P 500,000.
Sold goods to M Williams on credit for P 300,000.
Received payments from M Williams, P300,000
Received payments T George, 500,000
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Transcribed Image Text:Activities: Prepare an Accounts Receivable Subsidiary Ledger of the following transactions. Write your answer on a separate sheet of paper. Activity 1 Prepare the Accounts Receivable Subsidiary Ledger for XYZ Company for the year ended on December 31, 2020. IV. December 1: The opening balance for Mr. James and Mr. John is P 250,000 andP 450,000. Sold goods to Mr. James on credit for P 300,000. Received payments from Mr. James, P250,000 Received payments Mr. John, P450,000 December 4: December 12: December 16: Activity 2 Prepare the Accounts Receivable Subsidiary Ledger for ABC Company for the year ended on August 31, 2019. Aug. 1: Aug. 3: Aug. 13: Aug. 20: The opening balance for Ms. Santos and Ms. Cruz is P 200,000 and P 400,000. Sold goods to M Williams on credit for P 350,000. Received payments from M Williams, P200,000 Received payments T George, 400,000 Activity 3 Prepare the Accounts Receivable Subsidiary Ledger for XXX Company for the year ended on July 31, 2020. July. 1: July 3: July 13: July 20: The opening balance for Ms. Santos and Ms. Cruz is P 300,000 and P 500,000. Sold goods to M Williams on credit for P 300,000. Received payments from M Williams, P300,000 Received payments T George, 500,000
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