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Prepare a schedule of accounts receivable

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Reference no: EM131533473

Question: Winslow Company posts its sales invoices directly and then binds them into a Sales Journal. Winslow had the following credit sales to these customers during June.

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Required: 1. Open an accounts receivable subsidiary ledger having a T-account for each customer. Post the invoices to the subsidiary ledger.

2. Open an Accounts Receivable controlling T-account and a Sales T-account to reflect general ledger accounts. Post the end-of-month total from the sales journal to these accounts.

3. Prepare a schedule of accounts receivable and prove that its total equals the Accounts Receivable controlling account balance.

Reference no: EM131533473

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