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.
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Credit Sales
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Collections
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Returns
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Bixler Company
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$8,600
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$8,400
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$0
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Cuddyer Company
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6,700
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2,400
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3,500
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Freeze Company
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8,200
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9,300
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0
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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.