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Create a list of customers and prove the agreement

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Reference no: EM132914164

On 1 September the balance of the accounts receivable control account in the general ledger of Whelan Company was $11 960. The customers' subsidiary ledger contained account balances as follows:

Jana $2 440,

Kingston $2 640,

Johnson $2 060,

Phillips $4 820.

At the end of September the various journals contained the following information.

Sales journal: Sales to Phillips $800; to Jana $1 260; to Simons $1 030; to Johnson $1 100.
Cash receipts journal: Cash received from Johnson $1 310; from Phillips $2 300; from Simons $380; from Kingston $1 800; from Jana $1 240.
General journal: An allowance is granted to Phillips $220.

Instructions

Problem (a) Set up control and subsidiary accounts and enter the beginning balances.

Problem (b) Post the various journals. Post the items as individual items or as totals, whichever would be the appropriate procedure. (No sales discounts given.)

Problem ??(c) create a list of customers/debtors and prove the agreement of the controlling account with the subsidiary ledger as at 30 September 2017.

Reference no: EM132914164

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