1. Use the final balances of the customer accounts after completing Exercise 7.9 to prepare a schedule...

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1. Use the final balances of the customer accounts after completing Exercise 7.9 to prepare a schedule of accounts receivable for Calderone Company at January 31, 2019.
2. Should the total of your accounts receivable schedule agree with the balance of the Accounts Receivable account in the general ledger at January 31, 2019?

Exercise 7.9:

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 Calderone Company.

Assume the following account balances at January 1, 2019:

Accounts Receivable (control account) Accounts Receivable-John Gibrone Accounts Receivable-Jim Garcia

Use 111 as the account number for Accounts Receivable in the general ledger.

1 2019 2 Jan. 3 4 5 6 7 8 9 10 DATE 11 12 13 14 8 Cash GENERAL JOURNAL DESCRIPTION Accounts Receivable/John

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Related Book For  book-img-for-question

College Accounting A Contemporary Approach

ISBN: 978-0077639730

4th edition

Authors: David Haddock, John Price, Michael Farina

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