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

Transcribed Image Text:

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 Accounts Receivable Debit Invoice Date May 6 Account Debited Number PR Sales Credit Aaron Reckers 190 2,770 May 10 Sara Reed 191 1,830 May 17 Anna Page 192 814 May 25 May 31 Sara Reed 193 Totals 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 May 20 General Journal Sales Returns and Allowances Accounts Receivable-Anna Page Record allowance to customer. Required: Debit 475 Credit 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 Anna Page May 31 Sara Reed Aaron Reckers Total accounts receivable $ 0 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 Accounts Receivable Debit Invoice Date May 6 Account Debited Number PR Sales Credit Aaron Reckers 190 2,770 May 10 Sara Reed 191 1,830 May 17 Anna Page 192 814 May 25 May 31 Sara Reed 193 Totals 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 May 20 General Journal Sales Returns and Allowances Accounts Receivable-Anna Page Record allowance to customer. Required: Debit 475 Credit 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 Anna Page May 31 Sara Reed Aaron Reckers Total accounts receivable $ 0