Bundle: College Accounting, Chapters 1-9, Loose-leaf Version, 23rd + Cengagenowv2, 1 Term Printed Access Card, Chs. 1-9 + Study Guide With Working Papers, Chs. 1-9
23rd Edition
ISBN: 9780357069257
Author: James A. Heintz, Robert W. Parry
Publisher: Cengage Learning
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Chapter 10, Problem 9SEB
SCHEDULE OF ACCOUNTS RECEIVABLE From the accounts receivable ledger shown, prepare a schedule of accounts receivable for Gelph Co. as of November 30, 20--.
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SCHEDULE OF ACCOUNTS RECEIVABLE From the accounts receivableledger shown, prepare a schedule of accounts receivable for Pheng Co.as of August 31, 20--.
Schedule of Accounts Receivable
From the accounts receivable ledger shown, prepare a schedule of accounts receivable for Pheng
Co. as of August 31, 20--.
ACCOUNTS RECEIVABLE LEDGER
B & G Distributors
NAME
2628 Burlington Avenue, Chicago, IL 60604-
ADDRESS
1329
DATE
BALANCE
ITEM
POST. REF.
DEBIT
CREDIT
20--
Aug.
J1
1,300.00
1,300.00
8
J1
110.00
1,190.00
M. Chang
NAME
ADDRESS 1422 SW Pacific, Chicago, IL 60603-8596
DATE
ITEM
POST. REF.
DEBIT
CREDIT
BALANCE
20--
Aug.
5
J1
2,180.00
2,180.00
11
J2
2,180.00
0.00
B. J. Hinschliff & Co.
NAME
133 College Blvd., Des Plaines, IL 60611-
ADDRESS
4431
DATE
POST. REF.
ITEM
DEBIT
CREDIT
BALANCE
20--
Aug. 15
J2
1,050.00
1,050.00
21
J3
392.00
1,442.00
NAME
Sally M. Pitts
ADDRESS 213 East 29th Place, Chicago, IL 60601-6287
DATE
ITEM
POST. REF.
DEBIT
CREDIT
BALANCE
20--
Aug.
21
J3
807.00
807.00
NAME
Trendsetters, Inc.
ADDRESS 29 Industrial Way, Chicago, IL 60600-5918
DATE
ITEM
POST. REF.
DEBIT
CREDIT
BALANCE
20--
Aug.
28
J4
1,039.00
1,039.00
Which of the following responses to an accounts receivable confirmation at December 31
Chapter 10 Solutions
Bundle: College Accounting, Chapters 1-9, Loose-leaf Version, 23rd + Cengagenowv2, 1 Term Printed Access Card, Chs. 1-9 + Study Guide With Working Papers, Chs. 1-9
Ch. 10 - Prob. 1TFCh. 10 - All sales, for cash or on credit, can be recorded...Ch. 10 - Sales Tax Payable is a liability account that is...Ch. 10 - Prob. 4TFCh. 10 - Prob. 5TFCh. 10 - A credit sale of 250 plus a 6% sales tax would...Ch. 10 - When 25 of merchandise is returned for a credit on...Ch. 10 - Prob. 3MCCh. 10 - Prob. 4MCCh. 10 - Prob. 5MC
Ch. 10 - Prob. 1CECh. 10 - Prepare journal entries for the following sales...Ch. 10 - Prob. 3CECh. 10 - On March 24, MS Companys Accounts Receivable...Ch. 10 - Prob. 1RQCh. 10 - What is the purpose of a credit memo?Ch. 10 - Prob. 3RQCh. 10 - Prob. 4RQCh. 10 - Prob. 5RQCh. 10 - Prob. 6RQCh. 10 - What steps are followed in posting cash receipts...Ch. 10 - What steps are followed in posting cash receipts...Ch. 10 - Prob. 9RQCh. 10 - Prob. 1SEACh. 10 - SALES TRANSACTIONS AND T ACCOUNTS Using T accounts...Ch. 10 - Prob. 3SEACh. 10 - SALES RETURNS AND ALLOWANCES ADJUSTMENT At the end...Ch. 10 - Prob. 5SEACh. 10 - JOURNALIZING SALES TRANSACTIONS Enter the...Ch. 10 - Prob. 7SEACh. 10 - JOURNALIZING CASH RECEIPTS Enter the following...Ch. 10 - SCHEDULE OF ACCOUNTS RECEIVABLE From the accounts...Ch. 10 - SALES TRANSACTIONS J. K. Bijan owns a retail...Ch. 10 - Prob. 11SPACh. 10 - SALES AND CASH RECEIPTS TRANSACTIONS Sourk...Ch. 10 - SCHEDULE OF ACCOUNTS RECEIVABLE Based on the...Ch. 10 - Prob. 1SEBCh. 10 - SALES TRANSACTIONS AND T ACCOUNTS Using T accounts...Ch. 10 - Prob. 3SEBCh. 10 - SALES RETURNS AND ALLOWANCES ADJUSTMENT At the end...Ch. 10 - Prob. 5SEBCh. 10 - JOURNALIZING SALES TRANSACTIONS Enter the...Ch. 10 - JOURNALIZING SALES RETURNS AND ALLOWANCES Enter...Ch. 10 - JOURNALIZING CASH RECEIPTS Enter the following...Ch. 10 - SCHEDULE OF ACCOUNTS RECEIVABLE From the accounts...Ch. 10 - SALES TRANSACTIONS T. M. Maxwell owns a retail...Ch. 10 - CASH RECEIPTS TRANSACTIONS Color Florists, a...Ch. 10 - SALES AND CASH RECEIPTS TRANSACTIONS Paul Jackson...Ch. 10 - SCHEDULE OF ACCOUNTS RECEIVABLE Based on the...Ch. 10 - You and your spouse have separate charge accounts...Ch. 10 - Prob. 1ECCh. 10 - Geoff and Sandy Harland own and operate Wayward...Ch. 10 - Enter the following transactions in a general...
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- 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.arrow_forwardSCHEDULE OF ACCOUNTS RECEIVABLE Based on the information provided in Problem 10-12B, prepare a schedule of accounts receivable for Paul Jackson as of April 30, 20--. Verify that the accounts receivable account balance in the general ledger agrees with the schedule of accounts receivable total.arrow_forwardSCHEDULE OF ACCOUNTS RECEIVABLE Based on the information provided in Problem 10-11A, 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.arrow_forward
- Post the entries in the general journal below to the Accounts Receivable account in the general ledger and to the appropriate accounts in the accounts receivable ledger for Calderone Company. Assume the following account balances at January 1, 20X1: Accounts Receivable (control account) $ 8,880 Accounts Receivable—John Gibrone 5,600 Accounts Receivable—Jim Garcia 2,180 Accounts Receivable—June Lin 1,100 GENERAL JOURNAL DATE DESCRIPTION POST.REF. DEBIT CREDIT 20X1 Jan. 8 Cash 560 Accounts Receivable/John Gibrone 560 Received partial payment on account from John Gibrone 20 Sales Returns and Allowances 300 Sales Tax Payable 24 Accounts Receivable/Jim Garcia 324 Accept return of defective…arrow_forwardPost the entries in the general journal below to the Accounts Receivable account in the general ledger and to the appropriate accounts in the accounts receivable ledger for Calderone Company. Assume the following account balances at January 1, 20X1: Accounts Receivable (control account) Accounts Receivable-John Gibrone $8,880 5,600 Accounts Receivable-Jim Garcia 2,180 Accounts Receivable-June Lin 1,100 DATE 20X1 Jan. 8 Cash GENERAL JOURNAL DESCRIPTION POST. REF. DEBIT CREDIT 560 560 Accounts Receivable/John Gibrone Received partial payment on account from John Gibrone 20 Sales Returns and Allowances Sales Tax Payable Accounts Receivable/Jim Garcia Accept return of defective merchandise, Credit Memorandum 121; original sale made on Sales Slip 11102 of January 2, 20X1 300 24 324 Required: 1. Prepare a schedule of accounts receivable for Calderone Company at January 31, 20X1. 2. Should the total of your accounts receivable schedule agree with the balance of the Accounts Receivable account…arrow_forwardPlease record the following journal entries: A) Record issuance of a notes payable B) record first monthly payment C) Record Second Monthly paymentarrow_forward
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Accounts Receivable and Accounts Payable; Author: The Finance Storyteller;https://www.youtube.com/watch?v=x_aUWbQa878;License: Standard Youtube License