Sales journal, subsidiary ledger, and schedule of accounts receivable Church Company completes the following transactions during March,

Question:

Sales journal, subsidiary ledger, and schedule of accounts receivable

Church Company completes the following transactions during March, its first month of operations (terms for all its credit sales are 2/10, n/30).
Mar.

2. Sold merchandise on credit to Min Cho, Invoice No. 854, for $$16,800$ plus sales tax of $$1,176.$
3 Sold merchandise on credit to Linda Witt, Invoice No. 855, for $$10,200$ plus sales tax of $$714.$
10 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $$5,600$ plus sales tax of $$392.$
27. Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $$14,910$ plus sales tax of $$1,044.$
28 Sold merchandise on credit to Linda Witt, Invoice No. 858, for $$4,315$ plus sales tax of $$302.$
Required
1. Open the following general ledger accounts: Accounts Receivable, Sales, and Sales Tax Payable. Open the following accounts receivable subsidiary ledger accounts: Jovita Albany, Min Cho, and Linda Witt.
2. Enter the transactions in a sales journal like Exhibit 11.6. Number all journal pages as page 2.
3. Post all transactions to the accounts receivable subsidiary ledger and its month-end totals to the general ledger.
4. Prove the accuracy of the subsidiary ledger by preparing a schedule of accounts receivable as of March 31.

image text in transcribed