Problem

The accounts receivable subsidiary ledger for Ranalli’s Lawn Care has the following custom...

The accounts receivable subsidiary ledger for Ranalli’s Lawn Care has the following customer accounts and balances at the end of the current year. What should be the Accounts Receivable balance in the general ledger? [Hint: Customer accounts with a credit balance are not considered in determining the total balance in the Accounts Receivable account; rather these amounts are reclassified as Accounts Payable.

Customer Name

Balance

Debit or Credit

Peter Gurney

$200

Dr

Robert King

150

Dr

Bruce Landis

50

Cr

Robert McNeil

100

Dr

Mark Noakes

50

Dr

Frank Rimshaw

300

Dr

Michael Sangster

50

Dr

Lawrence Williams

100

Cr

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