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What is the balance of accounts receivable control account

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Reference no: EM132940908

Question - Wild horse company uses both special journals and a general journal as described in this chapter. On June 30, after all monthly postings had been completed, the accounts receivable control account in the general ledger had a debit balance of $296600; the accounts payable control account had a credit of $83800.

July transactions

Sales journal total sales $17400

Purchases journal total purchases $54400

Cash receipts journal accounts receivable column total $142100

Cash payments journal accounts payable column total $45900

What is the balance of accounts receivable control account after monthly postings on July 31?

Reference no: EM132940908

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