counts receivable subsidiary ledger 6. At the begini Accounts Receivable in the general ledger should have a balance of: and Cantaloupe P3,000. At the end of the month, the control account. and Cantaloupe P8,500. Cash was collected on account from Berry P11,500 During the month, credit sales were made to Apple P6,000, Berry P4,500, showed balances for Apple Company P5,000 and Berry Company P7,000. a. P11,000 012.000

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter5: Accounting Systems
Section: Chapter Questions
Problem 7E: The revenue journal for Sapling Consulting Inc. follows. The accounts receivable controlling account...
icon
Related questions
Question
Multiple choice
7. Summary posting from the sales journal normally would be completed in
Accounts Receivable in the general ledger should have a balance of:
During the month, credit sales were made to Apple P6,000, Berry P4,500,
6. At the beginning of the month, the accounts receivable subsidiary ledger
showed balances for Apple Company P5,000 and Berry Company P7,000.
and Cantaloupe P3,000. At the end of the month, the control account.
and Cantaloupe P8,500. Cash was collected on account from Berry P11,500
11. A
a. P11,000
b. P12,000
P16,500.
d. P31,000.
C.
which of the following orders?
a. Accounts Receivable, Sales, and Sales Tax Payable columns
b. Sales Tax Payable, Sales, and Accounts Receivable columns
C. Sales, Sales Tax Payable, and Accounts Receivable columns
d. Accounts Receivable, Sales Tax Payable, and Sales columns
Transcribed Image Text:7. Summary posting from the sales journal normally would be completed in Accounts Receivable in the general ledger should have a balance of: During the month, credit sales were made to Apple P6,000, Berry P4,500, 6. At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Apple Company P5,000 and Berry Company P7,000. and Cantaloupe P3,000. At the end of the month, the control account. and Cantaloupe P8,500. Cash was collected on account from Berry P11,500 11. A a. P11,000 b. P12,000 P16,500. d. P31,000. C. which of the following orders? a. Accounts Receivable, Sales, and Sales Tax Payable columns b. Sales Tax Payable, Sales, and Accounts Receivable columns C. Sales, Sales Tax Payable, and Accounts Receivable columns d. Accounts Receivable, Sales Tax Payable, and Sales columns
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Accounting for Intangible assets
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
College Accounting, Chapters 1-27 (New in Account…
College Accounting, Chapters 1-27 (New in Account…
Accounting
ISBN:
9781305666160
Author:
James A. Heintz, Robert W. Parry
Publisher:
Cengage Learning