On 1 August the balance of the Accounts receivable control account for Solid Rental Company was $10
Fantastic news! We've Found the answer you've been seeking!
Question:
On 1 August the balance of the Accounts receivable control account for Solid Rental Company was $10 500. The customers' subsidiary ledger contained account balances as follows:
Anton $3 000
Carmine $4 500
Fenech $1 000
Muro $2 000
At the end of August the special journals contained the following information:
Sales journal Sales to:
Anton $ 800
Carmine $ 300
Fenech $1 200
Muro $1 900
Cash receipts journal Cash received from:
Muro $2 000
Anton $1 500
Fenech $ 500
Carmine $4 800
What is the balance of the Accounts Receivable Control account at the end of August?
Related Book For
Accounting Principles
ISBN: 978-1119411482
13th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date: