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Question - Kieschnick Company has a balance in its Accounts Receivable control account of $11,300 on January 1, 2017. The subsidiary ledger contains three accounts: Bixler Company, balance $3,700; Cuddyer Company, balance $2,900; and Freeze Company. During January, the following receivable-related transactions occurred.
Credit Sales
Collections
Returns
Bixler Company
$8,600
$8,400
$0
Cuddyer Company
6,700
2,400
3,500
Freeze Company
8,200
9,300
0
What is the January 1 balance in the Freeze Company subsidiary account?
What is the January 31 balance in the control account?
Compute the balances in the subsidiary accounts at the end of the month.
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