Following is information from Thompson Company for its initial month of business.
(1) Identify the...

Question

Following is information from Thompson Company for its initial month of business.
(1) Identify the balances listed in the accounts receivable subsidiary ledger.
(2) Identify the accounts receivable balance listed in the general ledger at month’s end.




 


Credit Sales


 


 


 


Cash Collections


 


 




Jan. 10


Boerman Company


 


$3,000


Jan. 20


Boerman Company


 


$2,000




19


Lehman Brothers


 


1,600


28


Lehman Brothers


 


1,600




23


Finger Company


 


2,200


31


Finger Company


 


1,300

David · Accepted Answer

Accounts Receivable Subsidiary ledger 
Boerman Company 
Date Ref Debit Credit Balance 
Jan-10
3000
3000 
Jan-20
2000 1000 
     Accounts Receivable Subsidiary ledger 
Lehman Company 
Date Ref Debit Credit Balance 
Jan-19
1600
1600 
Jan-28
1600 0 
     Accounts Receivable Subsidiary ledger 
Finger Company 
Date Ref Debit Credit Balance 
Jan-23
2200
2200 
Jan-31
1300 900 
     General ledger 
Accounts Receivable 
Date Ref Debit Credit Balance 
Jan-31
6800
6800 
Jan-31
4900 1900

Following is information from Thompson Company for its initial month of business. (1) Identify the balances listed in the accounts receivable subsidiary ledger. (2) Identify the accounts receivable...

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	Credit Sales			Cash Collections
Jan. 10	Boerman Company	$3,000	Jan. 20	Boerman Company	$2,000
19	Lehman Brothers	1,600	28	Lehman Brothers	1,600
23	Finger Company	2,200	31	Finger Company	1,300