Kienholz Company: Balances in Account Receivables
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Presented below is information related to Kienholz Company for its first month of operations. Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable balance that appears in the general ledger at the end of January.
Credit Sales
Jan. 7 Agler Co. $10,000
Jan. 15 Barto Co. 6,000
Jan. 23 Maris Co. 9,000
Cash Collections
Jan. 17 Agier Co. $7,000
Jan. 24 Barto Co. 4,000
Jan. 29 Maris Co. 9,000
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Solution Summary
This solution shows step-by-step calculations to determine the balances for accounts receivable in the ledgers for the Kienholz Company.
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