Post to subsidiary and general ledgers and prepare adjusting entry.
LO AP At December the general ledger and subsidiary ledger for Wow's, a small beauty supply company, showed the following:
General Ledger
Accounts receivable
Allowance for doubtful accounts
Accounts Receivable Subsidiary Ledger
tableHair Designs,$
ARecord the above transcation ignore credit card fee snd inventory and cost of goods sold for rhe purpose of this question
Bset up T account for the account receivable general ledger controlaccount the allowance for Doubtful account general ledger account and the account receivable subsidiary ledger account.Post the journal entries to these account
CWow's estimated that of account receivable is not collectible.Record the required adjustment to that allowance for doubtful account.
Dprepare a list of customer and the balance of their account from the subidiary ledger.prove that the total of the subsidiary ledger is equal to the control balance.
