PA1. LO 7.2On June 30, Oscar Inc.’s bookkeeper is preparing to close the books for the month. The accounts receivable control total shows a balance of $2,820.76, but the accounts receivable subsidiary ledger shows total account balances of $2,220.76. The accounts receivable subsidiary ledger is shown here. Can you help find the mistake? ACCOUNTS RECEIVABLE SUBSIDIARY LEDGERAccount: AmazoonAR No. 246BalanceDateItemRef.DebitCreditDebitBeginning BalancePayment1,200.50Apr. 5CR 1751200.500.00Account: CadberryAR No. 357BalanceDateItemRef.DebitCreditDebitBeginning Balance877.30Apr. 8Invoice 210SJ 1233001,177.30Account: Hewlit PickardAR No. 468BalanceDateItemRef.DebitCreditDebitBeginning Balance172.99Apr. 28Invoice 211SJ 123100272.99Account: Neatflicks inc.AR No. 579BalanceDateItemRef.DebitCreditDebitBeginning BalancePayment1,570.47Apr. 6Apr. 22CR 1755001,070.47Invoice 212CJ 123300770.47

Accounts receivable subsidiary ledger includes all ledger accounts related to different receivable…

Answered: PA1. LO 7.2On June 30, Oscar Inc.’s…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 1TP: Why must the Accounts Receivable account in the general ledger match the totals of all the...

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PA1.

LO 7.2On June 30, Oscar Inc.’s bookkeeper is preparing to close the books for the month. The accounts receivable control total shows a balance of $2,820.76, but the accounts receivable subsidiary ledger shows total account balances of $2,220.76. The accounts receivable subsidiary ledger is shown here. Can you help find the mistake?

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Account: Amazoon
AR No. 246
Balance
Date
Item
Ref.
Debit
Credit
Debit
Beginning Balance
Payment
1,200.50
Apr. 5
CR 175
1200.50
0.00
Account: Cadberry
AR No. 357
Balance
Date
Item
Ref.
Debit
Credit
Debit
Beginning Balance
877.30
Apr. 8
Invoice 210
SJ 123
300
1,177.30
Account: Hewlit Pickard
AR No. 468
Balance
Date
Item
Ref.
Debit
Credit
Debit
Beginning Balance
172.99
Apr. 28
Invoice 211
SJ 123
100
272.99
Account: Neatflicks inc.
AR No. 579
Balance
Date
Item
Ref.
Debit
Credit
Debit
Beginning Balance
Payment
1,570.47
Apr. 6
Apr. 22
CR 175
500
1,070.47
Invoice 212
CJ 123
300
770.47

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