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Accounts Receivable Control Account in The General Ledger of Montgomery Company

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Ishan

The document shows the accounts receivable ledger for Montgomery Company as of September 30, 2017. It includes details of balances, sales, cash receipts, and adjustments for individual customers (Fowler, Sogard, Giambi, Andino, Hurley) as well as a summary schedule of total accounts receivable of $9,040. There are also notes specifying that "S" represents sales journal entries, "CR" represents cash receipts, and "G" represents general journal entries.

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Accounts Receivable Control Account in The General Ledger of Montgomery Company

Uploaded by

Ishan
65 views2 pages
The document shows the accounts receivable ledger for Montgomery Company as of September 30, 2017. It includes details of balances, sales, cash receipts, and adjustments for individual customers (Fowler, Sogard, Giambi, Andino, Hurley) as well as a summary schedule of total accounts receivable of $9,040. There are also notes specifying that "S" represents sales journal entries, "CR" represents cash receipts, and "G" represents general journal entries.

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Accounts Receivable control account in the general ledger of Montgomery Company

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The document shows the accounts receivable ledger for Montgomery Company as of September 30, 2017. It includes details of balances, sales, cash receipts, and adjustments for individual customers (Fowler, Sogard, Giambi, Andino, Hurley) as well as a summary schedule of total accounts receivable of $9,040. There are also notes specifying that "S" represents sales journal entries, "CR" represents cash receipts, and "G" represents general journal entries.

Copyright:

© All Rights Reserved
Download as XLSX, PDF, TXT or read online from Scribd
Download as xlsx, pdf, or txt
65 views2 pages

Accounts Receivable Control Account in The General Ledger of Montgomery Company

Uploaded by

Ishan
The document shows the accounts receivable ledger for Montgomery Company as of September 30, 2017. It includes details of balances, sales, cash receipts, and adjustments for individual customers (Fowler, Sogard, Giambi, Andino, Hurley) as well as a summary schedule of total accounts receivable of $9,040. There are also notes specifying that "S" represents sales journal entries, "CR" represents cash receipts, and "G" represents general journal entries.

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ACCOUNTS RECEIVABLE

Date Explanation Ref. Debit Credit Balance


Sept. 1 Balance ü 11,360
S 4,540 15,900
CR 6,740 9,160
G 120 9,040

Accounts Receivable Subsidiary Ledger

Fowler
Date Explanation Ref. Debit Credit Balance
Sept. 1 Balance ü 2,130
S 1,070 3,200
CR 1,330 1,870

Sogard
Date Explanation Ref. Debit Credit Balance
Sept. 1 Balance ü 5,000
S 810 5,810
CR 2,170 3,640
G 120 3,520

Giambi
Date Explanation Ref. Debit Credit Balance
Sept. 1 Balance ü -
S 1,390 1,390
CR 280 1,110

Andino
Date Explanation Ref. Debit Credit Balance
Sept. 1 Balance ü 2,640
CR 1,840 800

Hurley
Date Explanation Ref. Debit Credit Balance
Sept. 1 Balance ü 1,590
S 1,270 2,860
CR 1,120 1,740

MONTGOMERY COMPANY
Schedule of Accounts Receivable
As of September 30,2017
Flower 1,870
Sogard 3,520
Giambi 1,110
Andino 800
Hurley 1,740
Total 9,040

Accounts receivable 9,040

Working Notes
S - Sales Journal
CR - Cash Receipt
G - General Journal

Total Sales made during the month


Flower 1,070
Sogard 810
Giambi 1,270
Hurley 1,390
Total 4,540

Total Cash Receipts


Flower 1,330
Sogard 2,170
Giambi 280
Andino 1,840
Hurley 1,120
Total 6,740

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