Question

From the following transactions for Andrew Co., journalize, record, post, and prepare a schedule of accounts receivable when appropriate. The accounts receivable subsidiary ledger and partial general ledger have been set up for you. All sales terms are 4/10, n/30.
201X
Oct. 1 Andrew Albright invested $3,200 in the business.
1 Sold merchandise on account to Greenfield Co., invoice no. 1, $800.
2 Sold merchandise on account to Robert Co., invoice no. 2, $920.
3 Cash sale, $210.
8 Issued credit memorandum no. 1 to Greenfield Co. for defective merchandise, $200.
10 Received check from Greenfield Co. for invoice no. 1, less returns and discount.
15 Cash sale, $420.
18 Sold merchandise on account to Greenfield Co., invoice no. 3, $700.



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  • CreatedApril 24, 2014
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