At the end of May, the sales journal of Mountain View appears as follows. Assume beginning...

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At the end of May, the sales journal of Mountain View appears as follows. Assume beginning inventory balance for May to be $11,692. Sales Journal Invoice Number PR Page 2 Cost of Goods Sold Debit Inventory Credit 2,713 2,170 688 275 5,846 Account Debited Aaron Reckers Sara Reed Anna Page Sara Reed Date May 6 May 10 May 17 May 25 May 31 Totals 190 191 192 193 Accounts Receivable Debit Sales Credit 3,570 2,630 1,170 468 7,838 Mountain View also recorded an allowance (price reduction) given to Anna Page with the following entry. Date Credit May 20 250 General Journal Sales Returns and Allowances Accounts Receivable-Anna Page Record allowance to customer. Debit 250 Required: 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. At the end of May, the sales journal of Mountain View appears as follows. Assume beginning inventory balance for May to be $11,692. Sales Journal Invoice Number PR Page 2 Cost of Goods Sold Debit Inventory Credit 2,713 2,170 688 275 5,846 Account Debited Aaron Reckers Sara Reed Anna Page Sara Reed Date May 6 May 10 May 17 May 25 May 31 Totals 190 191 192 193 Accounts Receivable Debit Sales Credit 3,570 2,630 1,170 468 7,838 Mountain View also recorded an allowance (price reduction) given to Anna Page with the following entry. Date Credit May 20 250 General Journal Sales Returns and Allowances Accounts Receivable-Anna Page Record allowance to customer. Debit 250 Required: 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.

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1 Posting to Customer Accounts Aaron Reckers Account Number PR190 Debit Accounts Receivable for Aaro... View the full answer