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    Subsidiary Ledger - Yu Suzuki Company

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    Could not for the life of me figure this one out. I'm sure I'm missing something simple. Please explain the steps made to get the solutions.

    Yu Suzuki Company has a balance in its Accounts Receivable control account of $11,000 on January 1, 2008. The subsidiary ledger contains three accounts: Smith Company, balance $4,000; Green Company, balance $2,500; and Koyan Company. During January, the following receivable-related transactions occurred.

    Credit Sales Collections Returns
    Smith Company $9,000 $8,000 $ -0-
    Green Company 7,000 2,500 3,000
    Koyan Company 8,500 9,000 -0-

    Instructions

    1.

    What is the January 1 balance in the Koyan Company subsidiary account?
    $ 4500

    2.

    What is the January 31 balance in the control account?
    $

    3.

    Compute the balances in the subsidiary accounts at the end of the month.
    Smith Company $
    Green Company $
    Koyan Company $

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    https://brainmass.com/business/t-accounts/subsidiary-ledger-yu-suzuki-company-172887

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    Attached is a formatted MS Excel file containing the answers to the questions below.

    Yu Suzuki Company has a balance in its Accounts Receivable control account of $11,000 on January 1, 2008. The subsidiary ledger contains three accounts: Smith Company, balance $4,000; Green Company, balance $2,500; and Koyan Company. During January, the following receivable-related transactions occurred.

    Credit Sales Collections Returns
    Smith Company $9,000 $8,000 $0
    Green Company 7,000 2,500 3,000
    Koyan Company 8,500 9,000 0
    ...

    Solution Summary

    Analysis of the Subsidiary Ledger for Yu Suzuki Company

    $2.19