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Find balance listed in accounts receivable subsidiary ledger

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Reference no: EM131533471

Question: Following is information from Thompson Company for its initial month of business.

(1) Identify the balances listed in the accounts receivable subsidiary ledger.

(2) Identify the accounts receivable balance listed in the general ledger at month's end.

Credit Sales                                                                             Cash Collections

Jan. 10 Boerman Company . . . . . . . . $3,000                          Jan. 20 Boerman Company . . . . . . . . $2,000

19 Lehman Brothers . . . . . . . . . . 1,600 28                            Lehman Brothers . . . . . . . . . . 1,600

23 Finger Company . . . . . . . . . . . 2,200 31                           Finger Company . . . . . . . . . . . 1,300

Reference no: EM131533471

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