Fundamental Accounting Principles
Fundamental Accounting Principles
24th Edition
ISBN: 9781260158595
Author: Wild
Publisher: MCG
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Chapter 7, Problem 12E
To determine

Accounts Receivable Subsidiary Ledger:

A subsidiary ledger of accounts receivable shows the amount of money paid and owed by debtors for the transactions made on credit individually.

Schedule of Accounts Receivable:

A schedule of accounts receivable represents the overall amount of money owed by the debtors for credit transactions during a specified period.

1. Prepare accounts receivable subsidiary ledger that has T- accounts for each customer.

2. Prepare general ledger that has T-accounts for accounts receivable, inventory, sales, sales returns and allowance and cost of goods sold.

3. Prepare a schedule of accounts receivable

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Fundamental Accounting Principles

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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