Solution-Compute the balances in the subsidiary accounts

Compute the balances in the subsidiary accounts

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Reference no: EM132420041

Bradshaw Company has a balance in its Accounts Receivable control account of $13,000 on January 1, 2019. The subsidiary ledger contains three accounts: Brown Company, balance $6,000; Smith Company, balance $2,500 and Coco's Company. During January, the following receivable-related transactions occurred.

Credit Sales Collections Returns Brown Company $15,000 $6,000 $ -0- Smith Company 9,000 4,500 1,000 Coco's Company 8,500 6,500 -0-

How can I find the January 1, 2019 balance in the Coco's Company subsidiary account, January 31, 2019 balance in the control account, compute the balances in the subsidiary accounts at the end of the month and which January transaction would not be recorded in a special journal?

Reference no: EM132420041

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Compute the balances in the subsidiary accounts

Reference no: EM132420041

Reference no: EM132420041

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