Crane Co$.$ uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances related to both the general ledger and the subsidiary ledger for Crane are indicated in the working papers. Presented below are a series of transactions for Crane Co$.$ for the month of January. Credit sales terms are $2/10,$ n$/30.$ The cost of all merchandise sold was $60\%$ of the sales price.Accounting Cycle Review $7-01$ a $1-$f$2$Crane Co$.$ uses a perpetual inventory system and both an accounts receivable and an accounSchedule of Accounts Receivable$($from accounts receivable subsidiary ledger$)$January $1$CustomerOpening BalanceR. BeltreU$\_$A$\_$T$1,131515161718202121$Receive payment in full from B$.$ Corpas and J$.$ Revere less cash discounts.Withdraw U$\_$A$\_$T$800$ cash by M$.$Record the January transactions in a sales journal. $($Post entries in the order presented in the problem statement.$)$Sales Jou

Determine whether the subsidiary ledgers agree with the control accounts in the general ledger. $($Do not list those accounts th

Accounts Receivable balance

Accounts Receivable Subsidiary Ledger

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Accounts Payable balance

Subsidiary account balances