Question

Warton Company posts individual sales to the accounts receivable subsidiary ledgers immediately. At the end of each month. Warton posts the end-of-month totals to the general ledger. July 2 Mary Mack 8 Eric Horner 10 Troy Wilson 14 Hong Jiang 20 Troy Wilson 29 Mary Mack Total credit sales $ 10,500 13,000 15,300 22,400 13,100 9,200 $ 83,500 Required: 1. Post the amounts to the accounts receivable subsidiary ledger for each of these customers below: 2. Post the end-of-month total to Accounts Receivable controlling T-account and a Sales T-account. 3. Prepare a schedule of accounts receivable and prove (confirm) that its total equals the Accounts Receivable controlling account balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Post the amounts to the accounts receivable subsidiary ledger for each of these customers below: Hong Jiang ACCOUNTS RECEIVABLE LEDGER Eric Horner End, balo O End. bal. Troy Wilson Mary Mack Prey 2 of 5 !!! Next >

Answer 1

( Page - - Account Receivable Individual ledgers Dr Mary mack ar To sales sales 19700 $10500 $9200Balan C/d (Balancing figure) 197001 | 19700 - Eric Horner cr sales 1 3000 Balance cld $13000 13000 13000 DV Troy wilson 18th arth sales sales 15300 13100 Balanc cld 28400 28400 28400 pr 14th Hong Jiang $22.400 Balance eld sales 22400- 2 2400 22400

Cr General ledger Account Revivable DV Credit sales to - mary mark $ 19700 - Eric hooner $ 13000 Troy wilson 828000 Balance Hong Jiang $22400 $ 83500 83500 83500 Sales ledger Bulanie 83500 mary mack Eric horner Froy wilson Hong Jong 1970o 13000 284oo 22400 83500 of 83500 Schedule Mary mack Eric horner Troy wilson Hong giang Account Receivables. $ 19 too $13000 $28400 622 000 83500 $63500. Bularnie in Receivable control Ledger .. Both are equal