question archive The accounts receivable subsidiary ledger for Ranalli’s Lawn Care has the following customer accounts and balances at the end of the current year
The accounts receivable subsidiary ledger for Ranalli’s Lawn Care has the following customer accounts and balances at the end of the current year
Subject:AccountingPrice: Bought3
The accounts receivable subsidiary ledger for Ranalli’s Lawn Care has the following customer accounts and balances at the end of the current year. What should be the Accounts Receivable balance in the general ledger? [Hint: Customer accounts with a credit balance are not considered in determining the total balance in the Accounts Receivable account; rather these amounts are reclassified as Accounts Payable.]
