I'll check company maintains a separate account receivables account for each customer on June 18th altec provides 6100 of services on account to a customer Anthony and 1,000 of services on account to customer Walker how will these two transactions affect the control and subsidiary accounts

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A: Record the given transactions in general journal.

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A: The special journal are prepared to keep the record of debtors , creditors and cash balance.

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Q: 1. S1: An expense item allocated by the home office to a branch is recorded by the branch by a debit…

A: Hi Student Since there are multiple questions,we will answer only first question. If you want…

Q: Following is information from Fredrickson Company for its first month of business. Credit Sales Jan.…

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A: Journal: Recording of business transactions in a chronological order.

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A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: check drawn by a company in payment of a voucher for $965 was recorded in the journal as $695. What…

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A: Hi student Since there are multiple questions, we will answer only first question. Ideally cash…

Q: Cutting Edge Co. is engaged in a small export business. The company maintains limited records. Most…

A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: Information related to Pukalani Limited is presented below for its first month of operations. Credit…

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Q: The following is information related to Sheridan Company for its first month of operations. Credit…

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.