Winslow Company posts its sales invoices directly and then binds them into a Sales Journal. Winslow…


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29.99

Winslow Company posts its sales invoices directly and then binds them into a Sales Journal. Winslow… 1 answer below » 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. June 2 Joe Mack $ 3,600 8 Eric Horner 6,100 10 Tess Wilson 13,400 14 Hong Jiang 20,500 20 Tess Wilson 11,200 29 Joe Mack 7,300 Total credit sales $62,100 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 View complete 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. June 2 Joe Mack $ 3,600 8 Eric Horner 6,100 10 Tess Wilson 13,400 14 Hong Jiang 20,500 20 Tess Wilson 11,200 29 Joe Mack 7,300 Total credit sales $62,100 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. View less » Jul 18 2014 01:00 PM

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