Question

On September 1, the balance of the Accounts Receivable control account in the general ledger of Carla Vista Company was $11,030. The customers’ subsidiary ledger contained account balances as follows: Hurley $1,500, Andino $2,720, Fowler $1,960, and Sogard $4,850. At the end of September, the various journals contained the following information. Sales journal: Sales to Sogard $730, to Hurley $1,180, to Giambi $1,220, and to Fowler $1,220. Cash receipts journal: Cash received from Fowler $1,270, from Sogard $2,370, from Giambi $390, from Andino $1,880, and from Hurley $1,220. General journal: An allowance is granted to Sogard $180.

(a) Set up control and subsidiary accounts and enter the beginning balances. Accounts Receivable Date Explanation Ref. Debit Credit Balance Sept. 1 Balance √ Accounts Receivable Subsidiary Ledger Fowler Date Explanation Ref. Debit Credit Balance Sept. 1 Balance √ Sogard Date Explanation Ref. Debit Credit Balance Sept. 1 Balance √ Giambi Date Explanation Ref. Debit Credit Balance Sept. 1 Balance √ Andino Date Explanation Ref. Debit Credit Balance Sept. 1 Balance √ Hurley Date Explanation Ref. Debit Credit Balance Sept. 1 Balance √ THEN PREPARE A SCEDULE OF ACCOUNTS RECEIVABLE AND PROVE THE AGREEMENTS OF THE CONTROLLING ACCOUNT WITH THE SUBSIDARY LEDGER.

Answer 1

Accounts Receivable
Date	Explanation	Ref.	Debit	Credit	Balance
Sept. 1	Balance	$//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ $//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ $//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ √	$        11,030
	Sales		$          4,350
	Cash received			$        7,130
	Allowance for doubtful debts			$           180
	Closing Balance				$ 8,070
Accounts Receivable Subsidiary Ledger
Fowler
Date	Explanation	$//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ $//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ $//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ Ref.	Debit	Credit	Balance
Sept. 1	Balance	√	$          1,960
	Sales		$          1,220
	Cash received			$        1,270
	Closing Balance				$ 1,910
Sogard
Date	Explanation	$//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ $//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ $//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ Ref.	Debit	Credit	Balance
Sept. 1	Balance	√	$          4,850
	Sales		$              730
	Cash received			$        2,370
	Allowance for doubtful debts			$           180
	Closing Balance				$ 3,030
Giambi
Date	Explanation	$//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ $//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ $//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ Ref.	Debit	Credit	Balance
Sept. 1	Balance	√	$                 -
	Sales		$          1,220
	Cash received			$           390
	Closing Balance				$     830
Andino
Date	Explanation	Ref.	Debit	Credit	Balance
Sept. 1	Balance	$//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ $//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ $//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ √	$          2,720
	Cash received			$        1,880
	Closing Balance				$     840
Hurley
Date	Explanation	$//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ $//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ $//img.homeworklib.com/questions/33a00340-6f2d-11ea-ad86-95e5bdf6ba7d.gif?x-oss-process=image/resize,w_560$ Ref.	Debit	Credit	Balance
Sept. 1	Balance	√	$          1,500
	Sales		$          1,180
	Cash received			$        1,220
	Closing Balance				$ 1,460