Identify transactions in accounts receivable subsidiary ledger
The debits and credits from three related transactions are presented in the following customer's account taken from the accounts receivable subsidiary ledger:
Describe each transaction, and identify the source of each posting.
Subsidiary ledger
Subsidiary ledger refers to the ledger that provides the detailed information of the account already recorded in the general ledger such as accounts receivable subsidiary ledger and accounts payable subsidiary ledger.
Accounts receivable subsidiary ledger
Accounts receivable subsidiary ledger keeps the detailed information about the payment history of the customers, who received goods and services from the business on account.
To describe: Each transaction and identify their source of posting.
The transaction on April 3 was posted from Revenue Journal, and both debit column and balance column are equal and more specifically it has been recorded in the accounts receivable subsidiary ledger. So goods or services are provided on account...
Accounting Information Systems
Intermediate Accounting: Reporting And Analysis
Financial & Managerial Accounting
College Accounting, Chapters 1-27
Managerial Accounting: The Cornerstone of Business Decision-Making
Corporate Financial Accounting
College Accounting (Book Only): A Career Approach
Financial & Managerial Accounting
Financial Accounting
Financial Accounting
Financial And Managerial Accounting
Principles of Macroeconomics (MindTap Course List)
Exploring Economics
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Principles of Microeconomics (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Principles of Economics (MindTap Course List)
Contemporary Marketing
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Statistics for Business & Economics, Revised (MindTap Course List)
Management, Loose-Leaf Version
Accounting Information Systems
Foundations of Business (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
MKTG 12:STUDENT ED.-TEXT
Essentials of Business Communication (MindTap Course List)
Essentials of Economics (MindTap Course List)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting (Book Only): A Career Approach
Fundamentals of Financial Management (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Pkg Acc Infor Systems MS VISIO CD
Survey of Accounting (Accounting I)
Corporate Financial Accounting
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Economics For Today
Macroeconomics
Economics (MindTap Course List)
Purchasing and Supply Chain Management
Microeconomics
Cornerstones of Cost Management (Cornerstones Series)