Maureen Company uses both special journals and a general journal as described in this chapter

Maureen Company uses both special journals and a general journal as described in this chapter. On 30 June, after all monthly postings had been completed, the Accounts receivable control account in the general ledger had a debit balance of $320,000; the Accounts payable control account had a credit balance of $87,000.

The July transactions recorded in the special journals are summarised below. No entries affecting accounts receivable and accounts payable were recorded in the general journal for July.

a) What is the balance of the Accounts receivable control account after the monthly postings on 31 July?

(b) What is the balance of the Accounts payable control account after the monthly postings on 31 July?

(c) To what account(s) is the column total of $161,400 in the sales journal posted?

The column total of $161 400 in the sales journal would be posted to the credit side of the ________ (Accounts receivable/Sales) account and the debit side of the ________ (Accounts receivable/Sales) account in the general ledger.

(d) To what account(s) is the accounts receivable column total of $141,000 in the cash receipts journal posted?

The accounts receivable column total of $141,000 in the cash receipts journal would be posted to the __________(debit/credit) side of the Accounts receivable account in the general ledger.