B-02.09 Worksheet

B-02.09 Worksheet - CUSTOMER 5 Date Description Debit Credit Balance 1 of 2 Name Date Section B-02.09(b Below is the general ledger account

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Name: Date: Section: B-02.09 (a) Below are the subsidiary ledgers for each customer (some data is provided): Accounts Receivable CUSTOMER # 1 Date Description Debit Credit Balance May 1 Balance forward 1,403 - 1,403 May 5 Purchase -- Journal page X 7,237 - 8,640 May 17 Payment -- Journal page X - 1,403 7,237 Accounts Receivable CUSTOMER # 2 Date Description Debit Credit Balance May 1 Balance forward 5,275 - 5,275 May 15 May 26 Accounts Receivable CUSTOMER # 3 Date Description Debit Credit Balance Accounts Receivable CUSTOMER # 4 Date Description Debit Credit Balance Accounts Receivable
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Unformatted text preview: CUSTOMER # 5 Date Description Debit Credit Balance 1 of 2 Name: Date: Section: B-02.09 (b) Below is the general ledger account: ACCOUNTS RECEIVABLE Date Description Debit Credit Balance 01-Jan-05 Balance forward- - 17,225 May 5 Purchase -- Journal page X 7,237 - 24,462 May 7 The Accounts Receivable general ledger account balance of is in agreement with the sum of the individual subsidiary accounts ($7,237 + + + = ). (c) (d) Customer # is delinquent. Customer # 's balance exceeds the $10,000 credit limit. 2 of 2...
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.

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B-02.09 Worksheet - CUSTOMER 5 Date Description Debit Credit Balance 1 of 2 Name Date Section B-02.09(b Below is the general ledger account

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