Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Sep 2017 My Price 6.00

Joss Whedon Company

On September 1, the balance of the Accounts Receivable control account in the general ledger of Joss Whedon Company was $10,960. The customers’ subsidiary ledger contained account balances as follows: Gareth $1,440, Gillum $2,640, Minear $2,060, Edlund $4,820. At the end of September, the various journals contained the following information.

Sales journal: Sales to Edlund $800; to Gareth $1,260; to Molina $1,330; to Minear $1,100.

Cash receipts journal: Cash received from Minear $1,310; from Edlund $2,300; from Molina $380; from Gillum $1,800; from Gareth $1,240.

General journal: An allowance is granted to Edlund $220.

Instructions

(a) Set up control and subsidiary accounts and enter the beginning balances. Do not construct the journals.

(b) Post the various journals. Post the items as individual items or as totals, whichever would be the appropriate procedure. (No sales discounts given.)

(c) Prepare a list of customers and prove the agreement of the controlling account with the subsidiary ledger at September 30, 2012.

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Sep 2017 02:09 PM My Price 6.00

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