User Account

All Pages

Compute the balances in the subsidiary accounts

Assignment Help Accounting Basics
Reference no: EM132032837

Question - Kieschnick Company has a balance in its Accounts Receivable control account of $11,076 on January 1, 2014. The subsidiary ledger contains three accounts: Bixler Company, balance $4,328; Cuddyer Company, balance $2,775; and Freeze Company. During January, the following receivable-related transactions occurred.

Credit Sales

Collections

Returns

Bixler Company

$9,159

$7,881

$ -0-

Cuddyer Company

6,977

2,621

2,944

Freeze Company

8,576

8,900

-0-

What is the January 1 balance in the Freeze Company subsidiary account?

What is the January 31 balance in the control account?

Compute the balances in the subsidiary accounts at the end of the month.

Which January transaction would not be recorded in a special journal?

Reference no: EM132032837

Questions Cloud

What is the annual ocf for this project : McGilla Golf has decided to sell a new line of golf clubs. What is the annual OCF for this project?
Terminology for an sip server : What's the H.323 terminology for an SIP server (or VoIP server)? Describe two tasks for which an IP phone needs to communicate with an SIP server.
What is the npv of project in worst-case scenario : We are evaluating a project that costs $111913, has a seven-year life, What is the NPV of the project in worst-case scenario?
Discuss about the sustainability of the change effort : The Final Paper is an exploration of a change initiative that you have personally experienced or researched.
Compute the balances in the subsidiary accounts : Bixler Company, balance $4,328; Cuddyer Company, balance $2,775; and Freeze Company. Compute the balances in the subsidiary accounts at the end of the month
Google should have higher return than linkedin : Google should have higher return than LinkedIN because its book to market ratio is higher. Is the above statement correct? Why?
Building highly distributed data environment : What issues should be considered when resolving data requests in a distributed data environment?
The expected return on this stock : The stock will pay an annual dividend per share of $ 1.10 next year. The expected return on this stock is ___.
Internet communication besides referring to the model : Does TCP/IP play a role in internet communication besides referring to the model which is based on the OSI model?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd