Question: Posting transactions to the general ledger and accounts receivable ledger

Posting transactions to the general ledger and accounts receivable ledger.


INSTRUCTIONS
1. Open the general ledger accounts and accounts receivable ledger accounts shown below and at the top of the next page. Enter the balances as of April 1, 2016.
2. Post the entries from the general journal in Problem 7.4A to the appropriate accounts in the general ledger and in the accounts receivable ledger.
3. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule.
Analyze: What were the total sales on account in April, prior to any returns, allowances, ordiscounts?
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  • CreatedAugust 08, 2014
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