A month has elapsed since Precision Computer Centre’s year-end. Tony Freedman will use four specialized journals for recording business transactions in the month of September—two in this chapter, and two in Chapter 7. To assist you in recording the following transactions, the schedule of accounts receivable as of August 31 is shown below. An updated chart of accounts with the current balance listed for each account is provided on page 306. The partial September transactions are as follows:

Assignment:
1. Journalize the transactions in the appropriate journals (cash receipts, sales, or general journal).
2. Record in the accounts receivable subsidiary ledger and post to the general ledger as appropriate. A partial general ledger is included in the Excel templates.
3. Prepare a schedule of accounts receivable, as of September 30, 2022.

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2022 Sept. 3 Sold $700 worth of merchandise to Taylor Golf on credit, sales invoice No. 12680; terms are 2/10, n/30. Cost of inventory was $490. Received from Taylor Golf balance owing as of August 31. Sold $3,000 worth of merchandise on account to Anthony Pitale, sales invoice No. 12681; terms are 2/10, n/30. Cost of inventory was $2,100. 9 10 10 Collected $12,000 for cash sales for the week of September 10. Cost of inventory was $8,400. Collected balance in full from invoice No. 12681, Anthony Pitale. Sold $4,000 worth of merchandise on account to Vita Needle, sales invoice No. 12682; terms are 4/10, n/30. Cost of inventory was $2,800. 17 23 27 Issued credit memorandum to Taylor Golf for $400 worth of defective merchandise, invoice No. 12680. The inventory was not returned. Cost of inventory was $280. 30 Sold $1,600 worth of merchandise to Anthony Pitale, invoice No. 12683; terms 2/10, n/30. Cost of inventory was $1,120. Collected full payment from Vita Needle, invoice No. 12682. 30