At the end of May, the sales journal of Mountain View appears as follows. Assume beginning inventory balance for May to be $8,572.
Sales Journal
Invoice
Account Debited Number PR
Date
May 6 Aaron Reckers 190
May 10 Sara Reed 191
May 17 Anna Page 192
May 25 Sara Reed 193
May 31 Totals
Accounts
Receivable Debit
Sales Credit
2,770
1,830
814
326
5,740
Page 2
Cost of Goods
Sold Debit
Inventory Credit
2,105
1,510
479
192
4,286
Mountain View also recorded an allowance (price reduction) given to Anna Page with the following entry.
Date General Journal
May 20 Sales Returns and Allowances
Accounts Receivable-Anna Page
Record allowance to customer.
Required:
Debit Credit
475 475
1. 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.
2. Post the sales journal and any portion of the general journal entry that affects these accounts.
3a. Prepare a schedule of accounts receivable.
3b. Prove (confirm) that its total equals the balance in the accounts receivable controlling account.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 3A Required 3B
Prepare a schedule of accounts receivable.
MOUNTAIN VIEW
Schedule of Accounts Receivable
May 31
Anna Page
Sara Reed
Aaron Reckers
Total accounts receivable
$ 0
