Sports Junction began operations March 1, 20X1. The firm sells its merchandise for cash; on open account; to customers using bank credit cards, such as MasterCard and Visa; and to customers using American Express. Merchandise sales are subject to an 8 percent sales tax. The bank credit cards charge a 3 percent fee. American Express charges a 4 percent fee. During March, Sports Junction engaged in the following transactions:

INSTRUCTIONS
1. Open the general ledger account and accounts receivable ledger accounts indicated below.
2. Record the transactions in a general journal. Use 1 as the journal page number.
3. Post the entries from the general journal to the appropriate account in the general ledger and in the accounts receivable ledger.
4. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule.

GENERAL LEDGER ACCOUNTS
111 Accounts Receivable

ACCOUNTS RECEIVABLE LEDGER ACCOUNTS

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DATE 20X1 March 1 3 8 10 12 15 15 TRANSACTIONS Sold merchandise on credit to Mitch Edwards; issued Sales Slip 101 for $800 plus sales tax of $64. Sold merchandise on credit to Miriam Abboud; issued Sales Slip 102 for $375 plus sales tax of $30. Accepted a return of merchandise from Mitch Edwards; the merchandise was originally sold on Sales Slip 101 of March 1; issued Credit Memorandum 1 for $135, which included sales tax of $10. Received payment from Mitch Edwards in payment of his balance owed for merchandise sold on March 1, less the return of merchandise on March 8. Sold merchandise on credit to Ann Ho; issued Sales Slip 103 for $525 plus sales tax of $42. Recorded cash sales for the period from March 1 to March 15 of $5,000 plus sales tax of $400. Recorded sales for the period from March 1 to March 15 to customers using bank credit cards of $7,000 plus sales tax of $560. (Record the 3 percent credit card expense at this time.)