Please refer to problem 6-C3. The sales data listed there form the basis for much of this problem.

Refer to problem 6-C3,

Martha Kuerti has started up a new company called Calgary Camera Company (CCC for short) in the Calgary region. CCC specializes in the sale of four types of cameras to customers in "industrial" settings (means they usually buy several items at a time). The four categories of cameras that CCC sells are: point and shoot (PS), digital single-lens reflex (DS), surveillance cameras (SC), and video cameras (VC). Martha wants to keep track of each type of sale in total for each month of operations. She employs three salespersons to manage relations with customers, and also wants to know the total of sales by salesperson each month. CCC's normal terms are 2% 10 days, net 30 days, but a couple of customers have been granted special terms for selected purchases of 3% 12 days, net 36 days. Here are the sales and sales-related transactions for CCC during their first month of operations in November 2016:

The following cash was received by CCC during November, 2016:

2016

Nov. 3 M. Kuerti contributed $45,000 and deposited this in the CCC bank account.

10 West Calgary Tribal Council paid Invoice No. 5001, taking discount.

11 KGC Investigations paid Invoice No. 5002, after deducting credit memo, taking discount.

16 South Calgary School District paid Invoice No. 5003, taking their special discount.

21 West Calgary Tribal Council paid Invoice No. 5005, taking the discount. Although a day late, the discount was approved by M. Kuerti.

22 North Calgary College paid Invoice No. 5006, less the credit memo, taking discount.

25 Leisure Light Technologies paid Invoice No. 5004 in full.

26 A major supplier, International Cameras, dropped off a cheque for $5,000. This is their agreed share of an advertising campaign. M. Kuerti agreed that the Advertising Expense account was to be credited.

28 South Calgary School District paid Invoice 5007, taking special discount.

30 KGC Investigations paid Invoice 5009 after deducting a discount of 3%. M. Kuerti did not approve the discount anyhow as it is two days late.

Required:

a. Enter the above transactions in the cash receipts journal.

b. Record all transactions to the customers' accounts in the AR subsidiary ledger.

c. Ensure that the cash receipts journal is completed and cross-added for the month.

d. Post all transactions to the relevant GL accounts at month-end. See account numbers below.

e. Prepare a schedule of accounts receivable as of Nov. 30, and ensure that the total agrees with GL account number 1500.

The company uses these additional GL account numbers:

Cash ............................................ 1100

Owner's Equity, M. Kuerti ................. 3300

Advertising Expense ...................... 5001