Mangino Company has a balance in its Accounts Receivable control account of $15,000 on January 1, 2010. The subsidiary ledger contains three accounts: Jones Company, balance $6,000; Black Company, balance $2,500 and Denny Company. During January, the following receivable-related transactions occurred. 
Instructions
(a) What is the January 1 balance in the Denny Company subsidiary account?
(b) What is the January 31 balance in the control account?
(c) Compute the balances in the subsidiary accounts at the end of the month.
(d) Which January transaction would not be recorded in a special journal?
Definitions:
Nodding
Nodding is the act of moving the head up and down in agreement or to acknowledge something.
Effective Listener
An individual who actively listens and processes information communicated by others, demonstrating understanding and engagement.
Effective Listeners
Individuals who actively engage in listening to understand and process the speaker's message.
Avoid Distractions
Implementing strategies or measures to prevent one's attention from being diverted from a specific task or goal.
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