Please Help with questions B and C. Apr. The owner, T. Carla Vista,...
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Accounting
Please Help with questions B and C.
Apr. The owner, T. Carla Vista, invested additional cash in the business $7,260. 1 4 Received check for payment of account from Dent less 2% cash discount. 5 Received payment in full for $875 from Jennings Co for invoice no. 307. 8 Made cash sales of merchandise totaling $7,260. The cost of the merchandise sold was $4,356. 10 Received payment in full for $620 from Morrow for invoice no. 309 . 11 Received cash refund from a supplier for damaged merchandise $770. 23 Received payment in full for $1,085 from Jennings Co. for invoice no. 310. 29 Received check for payment of account from Rose (no cash discount allowed). Your answer is correct. (b) General Ledger Accounts Receivable No. 112 Date Explanation Ref. Balance Apr. 1 Accounts Receivable Subsidiary Ledger Balance Credit CR1 Rose CR1 Balance Debit Credit Balance Date Explanation Ref. Debit Credit Balance Balance CR1 Jennings Co. Date Explanation Ref. Debit Credit Balance Balance CR1 CR1 Dent Date Explanation Ref. Debit Credit Balance Balance CR1 Prove the agreement of the control account and subsidiary account balances. (Do not list those accounts that have zero ending balance.) Accounts receivable balance: $ Subsidiary account balances: $ Total $
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