Question

Following is information from Fredrickson Company for its first month of business. $ Credit Sales Jan. 10 Stern Company 19 Diaz Brothers 23 Rex Company $ 6,000 2,600 4,000 Cash Collections Jan. 20 Stern Company 28 Diaz Brothers 31 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Journalize the accounts receivable balance listed in the general ledger at month's end. GENERAL LEDGER Accounts Receivable Debit Credit Date Balance < Required 1 Required 2 >

Answer 1

А В С D 1 Answer- 1- Accounts Receivable Ledger 2 3 Stern Company 4 Date Debit Credit Balance 5 Jan.10 Credit Sales 6000 6000 6 Jan.20 Cash Received 3000 3000 3000 7 Jan.31 Balance 8 9 Diaz Brothers Credit Debit Balance 10 Date 2600 11 Jan. 19 Credit Sales 2600 2600 12 Jan.28 Cash received 0 13 Jan.31 Balance 0 14 15 Rex Company Debit Credit Balance 16 Date 4000 17 Jan.23 Credit Sales 4000 18 Jan.31 Cash received 2080 1920 19 Jan.31 Balance 1920

21 2-General Ledger 22 23 Accounts Receivable Debit Balance Credit 24 Date 3000 25 Jan.31 Stern 3000 26 Jan.31 Diaz 0 3000 2080 5080 27 Jan.31 Rex