Problem

Beachum Company recorded the following selected transactions during November 2009....

Beachum Company recorded the following selected transactions during November 2009.

1. Open a general ledger having T-accounts for Accounts Receivable, Sales, and Sales Returns and

Allowances. Also open an accounts receivable subsidiary ledger having a T-account for each customer.

Post these entries to both the general ledger and the accounts receivable ledger.

2. Prepare a schedule of accounts receivable (see Exhibit 9.4) and compare its total with the balance of

the Accounts Receivable controlling account as of November 30.

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Solutions For Problems in Chapter 9