Following is information from Fredrickson Company for its first month of business. Cash Collections Credit Sales...

 

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Following is information from Fredrickson Company for its first month of business. Cash Collections Credit Sales January 10 January 19 January 23 Stern Company Diaz Brothers Rex Company $ 6,000 January 20 2,600 January 28 4,000 January 31 Stern Company Diaz Brothers Rex Company $3,000 2,600 2,080 1. Journalize the above transactions in the accounts receivable subsidiary ledger. 2. Journalize the accounts receivable balance listed in the general ledger at month's end. Following is information from Fredrickson Company for its first month of business. Cash Collections Credit Sales January 10 January 19 January 23 Stern Company Diaz Brothers Rex Company $ 6,000 January 20 2,600 January 28 4,000 January 31 Stern Company Diaz Brothers Rex Company $3,000 2,600 2,080 1. Journalize the above transactions in the accounts receivable subsidiary ledger. 2. Journalize the accounts receivable balance listed in the general ledger at month's end.

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lets break down the journal entries for the given transactions 1 Journalizing the Credit Sales Janua... View the full answer