Principles of Financial Accounting.
24th Edition
ISBN: 9781260158601
Author: Wild
Publisher: MCG
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Chapter 7, Problem 4QS
1)
To determine
The balances listed in the
2)
To determine
The balances listed in the accounts receivable general ledger on the month end.
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Presented below is information related to Sunland Company for its first month of operations.
Credit Sales
Cash Collections
Jan. 7
Austin Co.
$11,100
Jan. 17
Austin Co.
$7,700
15
Diaz Co.
8,000
24
Diaz Co.
4,800
23
Noble Co.
9,800
29
Noble Co.
9,800
Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable balance that appears in the
general ledger at the end of January.
Subsidary Ledger
General Led
Austin Co.
Diaz Co.
Noble Co.
Balance of
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Receivable
%24
The following is information related to Blossom Company for its first month of operations.
Jan, 7-
15
23
Credit Sales
Austin Co.
Diaz Co.
Noble Co.
$11,800
7,300
11,100
Balance of
Accounts
Receivable
Jan. 17
24
Austin Co.
29
Cash Collections
Austin Co.
Diaz Co.
Noble Co.
$7,900
4,900
Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable balance that appears in the
general ledger at the end of January.
11.100
Subsidary Ledger
Diaz Co,
$
Noble Co.
General Led
Presented below is information related to Ivanhoe Company for its first month of operations.
Credit Sales
Cash Collections
Jan. 7
Austin Co.
$12,800
Jan. 17
Austin Co.
$7,800
15
Diaz Co.
7,400
24
Diaz Co.
5,000
23
Noble Co.
10,400
29
Noble Co.
10,400
Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable balance that appears in the general ledger at the end of January.
Subsidary Ledger
General Ledger
Austin Co.
Diaz Co.
Noble Co.
Balance of Accounts Receivable
$
$
$
$
Chapter 7 Solutions
Principles of Financial Accounting.
Ch. 7 - What are five basic components of an accounting...Ch. 7 - Prob. 2DQCh. 7 - 3. What are the five fundamental principles of...Ch. 7 - Prob. 4DQCh. 7 - Prob. 5DQCh. 7 - Prob. 6DQCh. 7 - Prob. 7DQCh. 7 - Prob. 8DQCh. 7 - Prob. 9DQCh. 7 - Prob. 10DQ
Ch. 7 - Prob. 11DQCh. 7 - Prob. 12DQCh. 7 - Prob. 13DQCh. 7 - Prob. 1QSCh. 7 - Prob. 2QSCh. 7 - Prob. 3QSCh. 7 - Prob. 4QSCh. 7 - Prob. 5QSCh. 7 - Prob. 6QSCh. 7 - Prob. 7QSCh. 7 - Prob. 8QSCh. 7 - Prob. 9QSCh. 7 - Prob. 10QSCh. 7 - Prob. 11QSCh. 7 - Prob. 12QSCh. 7 - Prob. 13QSCh. 7 - Prob. 1ECh. 7 - Prob. 2ECh. 7 - Prob. 3ECh. 7 - Prob. 4ECh. 7 - Following is information from Jesper Company for...Ch. 7 - Prob. 6ECh. 7 - Prob. 7ECh. 7 - Prob. 8ECh. 7 - Prob. 9ECh. 7 - Prob. 10ECh. 7 - Prob. 11ECh. 7 - Prob. 12ECh. 7 - Prob. 13ECh. 7 - Prob. 1AACh. 7 - Prob. 2AACh. 7 - Prob. 3AACh. 7 - Prob. 1BTNCh. 7 - Prob. 3BTNCh. 7 - Prob. 5BTN
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