Please answer the (d) question E7-4 Kieschnick Company has a balance in its Accounts Receivable control account of$10,000 on January 1, 2017. The subsidiary ledger contains three accounts: Bixler Company, balance $4,000; Cuddyer Company, balance $2,500; and Freeze Company. DuringJanuary, the following receivable-related transactions occurred.Credit SalesCollectionsReturnsBixler CompanyCuddyer CompanyFreeze Company$9,0007,0008,500$8,0002,5009,000$-0-3,000-0-Instructions(a) What is the January 1 balance in the Freeze Company subsidiary account?(b) What is the January 31 balance in the control account?(c) Compute the balances in the subsidiary accounts at the end of the month.(d) Which January transaction would not be recorded in a special journal?

Special journals can be defined as the type of journal entries only which are held to record the…

Answered: Please answer the (d) question

Business

Accounting

Please answer the (d) question

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 18E

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