Question - Following is information from Fredrickson Company for its initial month of business.
|
Credit Sales
|
Cash Collections
|
|
Jan. 10
|
Stern Company
|
$4,000
|
Jan. 20
|
Stern Company
|
$2,000
|
|
19
|
Diaz Brothers
|
1,600
|
28
|
Diaz Brothers
|
1,600
|
|
23
|
Rex Company
|
2,500
|
31
|
Rex Company
|
1,300
|
Required - Journalize the above transactions in the accounts receivable subsidiary ledger.