Reference no: EM132702988
Crane Company has a balance in its Accounts Receivable control account of $10,600 on January 1, 2020. The subsidiary ledger contains three accounts: Bixler Company, balance $3,500; Cuddyer Company, balance $2,300; and Freeze Company. During January, the following receivable-related transactions occurred.
Credit Sales Collections Returns
Bixler Company $9,300 $7,500 $ 0
Cuddyer Company 6,600 2,600 3,300
Freeze Company 9,000 8,700 0
Problem 1: What is the January 1 balance in the Freeze Company subsidiary account?