Question: Morales Company recorded the following selected transactions during November 2013

Morales Company recorded the following selected transactions during November 2013.


1. Open a general ledger having T-accounts for Accounts Receivable, Sales, and Sales Returns and Allowances. Also open an accounts receivable subsidiary ledger having a T-account for each customer. Post these entries to both the general ledger and the accounts receivable ledger.
2. Prepare a schedule of accounts receivable (see Exhibit 9.4) and compare its total with the balance of the Accounts Receivable controlling account as of November 30.
View Solution:


Sale on SolutionInn
Sales9
Views645
Comments
  • CreatedNovember 26, 2013
  • Files Included
Post your question
5000