Crane Company has a balance in its Accounts Receivable control account of $11,400 on January 1, 2022. The subsidiary ledger contains three accounts: Bixler Company, balance $3,900; Cuddyer Company, balance $2,100; and Freeze Company. During January, the following receivable-related transactions occurred. Bixler Company Cuddyer Company Freeze Company Credit Sales Collections $9,000 6,500 8,100 $7,700 2,500 8,700 Balance in the control account $ Returns What is the January 31 balance in the control account? Balance in the Freeze Company subsidiary account $ $0 2,700 What is the January 1 balance in the Freeze Company subsidiary account? 0

Crane Company has a balance in its Accounts Receivable control account of $11,400 on January 1, 2022. The subsidiary ledger contains three accounts: Bixler Company, balance $3,900; Cuddyer Company, balance $2,100; and Freeze Company. During January, the following receivable-related transactions occurred. Bixler Company Cuddyer Company Freeze Company Credit Sales Collections $9,000 6,500 8,100 $7,700 2,500 8,700 Balance in the control account $ Returns What is the January 31 balance in the control account? Balance in the Freeze Company subsidiary account $ $0 2,700 What is the January 1 balance in the Freeze Company subsidiary account? 0

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 18E

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