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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
ISBN: 9781337794756

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Chapter
Section
BuyFindarrow_forward

College Accounting, Chapters 1-27

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

On March 24, MS Company’s Accounts Receivable consisted of the following customer balances:

S. Burton $310
A. Tangier 240
J. Holmes 504
F. Fullman 110
P. Molty 90

During the following week, MS made a sale of $104 to Molty and collected cash on account of $207 from Burton and $360 from Holmes. Prepare a schedule of accounts receivable for MS at March 31, 20--.

To determine

Prepare accounts receivable schedule for Company MS 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 accounts receivable schedule for Company MS as at March 31, 20--.

Company MS
Accounts Receivable Schedule

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