In September, the following transactions occurred for Malorie Equipment Supply of Regina. (The Excel templates in MyAccountingLab have balances as of September 1 for certain general ledger and accounts receivable ledger accounts.) Cost of inventory is calculated at 75% of sales. 

2020 Sept. 2 Sold merchandise to Ray Fortuna on account, $9,500, invoice No. 703, plus 5% PST. 

5 Sold merchandise to Wilma Jorge on account, $3,000, invoice No. 704, plus 5% PST. 

8 Sold merchandise to Cassie Ho on account, $15,800, invoice No. 705, plus 5% PST. 

9 Issued credit memorandum No. 14 to Ray Fortuna for $1,200 for defective merchandise returned from September 2 transaction. (Be careful to record the reduction in PST payable as well.) Inventory was not returned. 

12 Sold merchandise to Wilma Jorge on account, $4,650, invoice No. 706, plus 5% PST. 

Required 

a. Journalize the transactions in the appropriate journals. 

b. Record in the accounts receivable ledger and post to the general ledger as appropriate. 

c. Prepare a schedule of accounts receivable as of September 30, 2020.