Solution-What is the January balance in the control account

What is the January balance in the control account

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Reference no: EM132707572

Question - Bradshaw Company has a balance in its Accounts Receivable control account of $13,000 on January 1, 2020. The subsidiary ledger contains three accounts: Brown Company, balance $6,000; Smith Company, balance $2,500 and Coco's Company. During January, the following receivable-related transactions occurred.

Credit Sales Collections Returns

Brown Company $15,000 $8,000 $ -0-

Smith Company 9,000 4,500 1,000

Coco's Company 8,500 6,500 -0-

Required -

What is the January 1 balance in the Coco's 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: EM132707572

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What is the January balance in the control account

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Reference no: EM132707572

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