Current Attempt in Progress Sheridan Company has a balance in its Accounts Receivable control account of...
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Current Attempt in Progress Sheridan Company has a balance in its Accounts Receivable control account of $10,700 on January 1, 2022. The subsidiary ledger contains three accounts: Bixler Company, balance $3,700; Cuddyer Company, balance $2,500; and Freeze Company. During January, the following receivable-related transactions occurred. Bixler Company Cuddyer Company Freeze Company Credit Sales Collections $9,200 6,500 8,900 $8,400 2,200 9,500 Returns $0 3,200 0 (a) What is the January 1 balance in the Freeze Company subsidiary account? Balance in the Freeze Company subsidiary account $ (b). What is the January 31 balance in the control account? Balance in the control account $ (c). Compute the balances in the subsidiary accounts at the end of the month. Balances in the subsidiary accounts Bixler Cuddyer Freeze $ LA $ $ LA (d). Which January transaction would not be recorded in a special journal? eTextbook and Media Current Attempt in Progress Sheridan Company has a balance in its Accounts Receivable control account of $10,700 on January 1, 2022. The subsidiary ledger contains three accounts: Bixler Company, balance $3,700; Cuddyer Company, balance $2,500; and Freeze Company. During January, the following receivable-related transactions occurred. Bixler Company Cuddyer Company Freeze Company Credit Sales Collections $9,200 6,500 8,900 $8,400 2,200 9,500 Returns $0 3,200 0 (a) What is the January 1 balance in the Freeze Company subsidiary account? Balance in the Freeze Company subsidiary account $ (b). What is the January 31 balance in the control account? Balance in the control account $ (c). Compute the balances in the subsidiary accounts at the end of the month. Balances in the subsidiary accounts Bixler Cuddyer Freeze $ LA $ $ LA (d). Which January transaction would not be recorded in a special journal? eTextbook and Media
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Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Posted Date:
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