Presented on the next page is information related to Varberg Company for its first month of operations. Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable balance that appears in the general ledger at the end of January.
|
Credit Sales |
Cash Collections |
||||
|
Jan. 7 |
Brown Co. |
$8,000 |
Jan. 17 |
Brown Co. |
$7,000 |
|
15 |
Ford Co. |
6,000 |
24 |
Ford Co. |
5,000 |
|
23 |
Jones Co. |
9,000 |
29 |
Jones Co. |
9,000 |