Bonus Question 1 only

PART V-MATCHING: ACCTG INFO Instructions: Match the terms giv by placing the appropriate letter in the space provided. MG: ACCTG INFORMATION SYSTEMS TERMINOLOGY (12 points e definitions or descriptions that follow A. Control account B. Cost effectiveness C. Flexibility D. Special journal E. Subsidiary ledger F. Usefulness 1. An account in the general ledger that controls a subsidiary ledger. 2. The benefits of information must outweigh the cost of providing it. 3. Used to record similar types of transactions. 4. Information must be understandable, relevant, reliable, timely, and accurate. 5. A group of accounts with a common characteristic. 6. The accounting system should accommodate a variety of users and changing information needs. BONUS QUESTION 1 (5 Points): Yu Suzuki Company has a balance in its Accounts Receivable control account of $11,000 on January 1, 2020. The subsidiary ledger contains three accounts: Smith Company, balance $4,000; Green Company, balance $2,500; and Koyan Company. During January, the following receivable related transactions occurred: Smith Company Green Company Koyan Company Credit Sales $9,000 7,000 8,500 Collections $8,000 2,500 9,000 Returns $-0- 3,000 -0- a) What is the January 1 balance in the Koyan subsidiary account? b) What is the January 31 balance in the control account? c) Compute the balances in each of the 3 subsidiary accounts at mon ces in each of the subsidiary accounts at month end