Post the entries in the general journal below to the Accounts Receivable account in the general ledger
Question:
Post the entries in the general journal below to the Accounts Receivable account in the general ledger and to the appropriate accounts in the accounts receivable ledger for Valentino Company. Assume the following account balances at January 1, 20X1:
Use 111 as the account number for Accounts Receivable in the general ledger.
Accounts Receivable (control account) Accounts Receivable-William Hall Accounts Receivable-Jim Garcia Accounts Receivable-June Lin $10,840 6,400 2,260 2,180
Step by Step Answer:
Accounts Receivable control account DATE DESCRIPTION D...View the full answer
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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