Question - Presented below is information related to Kienholz Company for its first month of operations.
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Credit Sales
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Cash Collections
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Jan. 7
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Agler Co.
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$10,000
|
|
Jan. 17
|
Agler Co.
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$7,000
|
|
15
|
Barto Co.
|
6,000
|
|
24
|
Barto Co.
|
4,000
|
|
23
|
Maris Co.
|
9,000
|
|
29
|
Maris Co.
|
9,000
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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.