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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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BuyFindarrow_forward

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756
Textbook Problem

SCHEDULE OF ACCOUNTS RECEIVABLE Based on the information provided in Problem 10-12A, prepare a schedule of accounts receivable for Sourk Distributors as of March 31, 20--. Verify that the accounts receivable account balance in the general ledger agrees with the schedule of accounts receivable total.

To determine

Prepare the schedule of accounts receivable for S Distributors as at March 31, 20--.

Explanation

Accounts receivable schedule: This is the schedule which is prepared to verify that the total balances of all the customers in the accounts receivable ledger, equals the balance of Accounts Receivable in the general ledger.

Prepare the schedule of accounts receivable for S Distributors as at March 31, 20--.

S Distributors
Schedule of Accounts Receivable
March 31, 20--
E Bakery$2,170.80
Incorporation K2,786.40
Group W3,251.60
Total$8,208.80

Table (1)

Working Notes:

Prepare the customer accounts in accounts receivable ledger.

NAME          Corporation D
ADDRESS
DateItemPost. Ref.Debit ($)Credit ($)Balance ($)
20--     
March1  1,836.00 1,836.00
 5   43.201,792.80
 10   1,792.800

Table (2)

NAME          Incorporation K
ADDRESS
DateItemPost. Ref.Debit ($)Credit ($)Balance ($)
20--     
March3  2,365...

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