Kieschnick Company has a balance in its Accounts Receivable control account of $10,000 on January 1, 2022.
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Kieschnick Company has a balance in its Accounts Receivable control account of $10,000 on January 1, 2022. The subsidiary ledger contains three accounts: Bixler Company, balance $4,000; Cuddyer Company, balance $2,500; and Freeze Company. During January, the following receivable-related transactions occurred.
Instructionsa. What is the January 1 balance in the Freeze Company subsidiary account?b. What is the January 31 balance in the control account?c. Compute the balances in the subsidiary accounts at the end of the month.d. Which January transaction would not be recorded in a special journal?
Accounts ReceivableAccounts 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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a 3500 10000 4000 2500 10000 4000 2500 3500 Accts rec bal Bixler Company ba...View the full answer
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Related Book For 
College Accounting
ISBN: 1986
1st Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell
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