Castro Products uses both special journals and a general journal as described in this appendix Castro also posts customers ' accounts in the accounts receivable subsidiary ledger The postings for the most recent month are included in the subsidiary T accounts below Instructions Determine the correc...

985 280 240 145 190 130 All of the debit postings to the ...

Castro Products uses both special journals and a general journal as described in this appendix. Castro also

Question:

Castro Products uses both special journals and a general journal as described in this appendix. Castro also posts customers' accounts in the subsidiary ledger. The postings for the most recent month are included in the subsidiary T-accounts below.

Instructions
Determine the correct amount of the end-of-month posting from the sales journal to the Accounts Receivable control account.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...