Presented below is information related to Tabares Company for its first month of
ID: 2482352 • Letter: P
Question
Presented below is information related to Tabares Company for its first month of operations. Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable balance that appears in the general ledger at the end of January. Credit Sales Cash Collections Jan. 7 Green Co. $8,000 Jan. 17 Green Co. $7,000 15 Kline Co. 6,000 24 Kline Co. 5,000 23 Rossi Co. 9,000 29 Rossi Co. 9,000
Accounts Receivable Subsidiary Ledger Green Co.
Kline Co.
Rossi Co.
General Ledger Accounts Receivable
Explanation / Answer
Green Co Credit sales Cash collections 7-Jan 8000 17-Jan 7000 Balance 1000 Kline Co Credit sales Cash collections 15-Jan 6000 24-Jan 5000 Balance 1000 Rosssi Co Credit sales Cash collections 23-Jan 9000 29-Jan 9000 balance 0 Account receivable subsidiary ledger Green Co 1000 Kline Co 1000 Rosssi Co 0 General Ledger Accounts Balance 2000