a) What is the difference between a control account and a subsidiary account? What is “factoring receivables”? b) A busi

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a) What is the difference between a control account and a subsidiary account? What is “factoring receivables”? b) A busi

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a) What is the difference between a control account and asubsidiary account? What is “factoring receivables”?
b) A business maintains subsidiary accounts for each of itscustomers. On April 7, the business provides $2,500 inservices to Anne Hill on account. On April 9, the businesssells $4,000 (sales price) of merchandise inventory to Ron Wilsonon account. On April 19, the business sells $10,000 (salesprice) of merchandise inventory to David Zhang for cash $5,000 andon account $5,000.
All the amount that was sold on account was collected from eachcustomer on April 26.
Prepare the journal entries for April 26. IgnoreCost of Goods Sold and omit explanations.
c) What is “Uncollectible”?
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