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Ivanhoe Products uses both special journals and a general journal- Iva.docx

Ivanhoe Products uses special journals and a general journal to record transactions, as well as an accounts receivable subsidiary ledger to track customer accounts. The subsidiary T-accounts below show postings for the most recent month. The question asks to determine the correct amount of the end-of-month posting from the sales journal to the Accounts Receivable control account.

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Ivanhoe Products uses both special journals and a general journal. Ivanhoe also posts customers'
accounts in the accounts receivable subsidiary ledger. The postings for the most recent month are
included in the subsidiary T-accounts below. Determine the correct amount of the end-of-month
posting from the sales journal to the Accounts Recelvable control account. Amount of the end-
of-month posting from the sales journal to the Accounts Recelvabie control account

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Ivanhoe Products uses both special journals and a general journal- Iva.docx

  • 1. Ivanhoe Products uses both special journals and a general journal. Ivanhoe also posts customers' accounts in the accounts receivable subsidiary ledger. The postings for the most recent month are included in the subsidiary T-accounts below. Determine the correct amount of the end-of-month posting from the sales journal to the Accounts Recelvable control account. Amount of the end- of-month posting from the sales journal to the Accounts Recelvabie control account