MetaAt the end of May, the sales journal of Mountain View appears as follows. Assume beginning inventory balance for May to be $
Date Sales Journal Page
Account Debited Invoice Number PR Accounts Receivable Debit Sales Credit Cost of Goods Sold Debit Inventory Credit
May Aaron Reckers
May Sara Reed
May Anna Page
May Sara Reed
May Totals
Mountain View also recorded an allowance price reduction given to Anna Page with the following entry.
Date General Journal Debit Credit
May Sales Returns and Allowances
May Accounts ReceivableAnna Page
May Record allowance to customer.
Required:
Post to the customer accounts the entries in the sales journal and any portion of the general journal entry that affects a customer's account.
Post the sales journal and any portion of the general journal entry that affects these accounts.
a Prepare a schedule of accounts receivable.
b Prove confirm that its total equals the balance in the accounts receivable controlling account.
