3,5,6, 10, 11 Help Save & At the end of May, the sales journal of Mountain View

Question

3,5,6, 10, 11 Help Save & At the end of May, the sales journal of Mountain View appears as follows. Assume beginning inventory balance for May to be $10.484 Accounts Receivable Cost of Goods Sold Account Debited Invoice Number PR Date Dr. Sales Cr 3,260 2,320 1,032 413 7,025 Inventory Cr. May 6 Aaron Reckers 10 Sara Reed 17 Anna Page 25 Sara Reed 31 Totals 190 191 192 193 2,478 1,914 607 243 S,242 Mountain View also recorded the retun of defective merchandise with the following entry Date General Journal May 28 Sales Returns and Allowances Debit Credit Accounts Receivable-Anna Page 280 Customer returned (worthless) merchandise Required 1. Post to the customer accounts the entries in the sales journal and any portion of the general journal entry that affects a customers 2 Post the saies journal and any portion of the general journal entry that affects these accounts DELL 7 8 K L

Explanation / Answer

Solution 1:

Solution 2:

Solution 3:

Accounts Receivables Subsidiary Ledger - Aaron Reckers Date Debit Credit Balance 6-May $3,260.00 $3,260.00

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