Appendix E – Accounting with Special Journals
Problem E- 4AA (Continued)
Parts 2 and 3—continued
ACCOUNTS RECEIVABLE LEDGER
Page Alistair
Date
Explanation
PR
Debit
Credit
Balance
Apr. 3
S3
4,000
4,000
13
R3
4,000
0
13
S3
5,100
5,100
23
R3
5,100
0
Paula Kohr
Date
Explanation
PR
Debit
Credit
Balance
Apr. 5
S3
8,000
8,000
14
R3
8,000
0
27
S3
3,170
3,170
Nic Nelson
Date
Explanation
PR
Debit
Credit
Balance
Apr. 11
S3
10,500
10,500
20
R3
10,500
0
27
S3
6,700
6,700
Part 4
Appendix E – Accounting with Special Journals
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McGraw-Hill Education.
Financial Accounting, 7th Edition
32
Problem E- 4AA (Concluded)
Part 4—continued
WISET COMPANY
Schedule of Accounts Receivable
April 30
Paula Kohr ………………………………..…………
$3,170
Nic Nelson ………………………………..…………
6,700
Total accounts receivable ………….…………
$9,870
Part 5
Analysis component
To find the error(s), first re-add the account balances on the schedule of
accounts receivable to confirm that the addition is correct. Then, trace the
balances listed on the schedule of accounts receivable back to the
subsidiary accounts to confirm that they are listed correctly on the
schedule. Next, recalculate the balance of each subsidiary account to
confirm that the additions and subtractions are correct. Next, trace the
postings from each subsidiary account and from the controlling account
