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Presented below is information related to Kienholz Company for its first month of operations. Identify the balances that appear in

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Presented below is information related to Kienholz Company for its first month of operations. Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable balance that appears in the general ledger at the end ofJanuary.

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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...
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Credit Sales Cash Collections Jan. 17 Agler Co. 24 Barto Co. 29 Maris Co. Jan. 7 Agler Co. 15 Barto Co. 23 Maris Co. $7.000 4.000 $10,000 6,000 9.000 9,000

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Accounts Receivable Subsidiary Ledger General Ledger Agler Co Accounts …View the full answer


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Accounting Principles

Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Details
Chapter # 7- Accounting Information Systems
Section: Brief Exercises
Problem: 4
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Question Posted: September 20, 2011 08:16:54
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