At the end of May, the sales journal of Mountain View appears as follows.Mountain View also recorded an allowance (price reduction) given to Anna Page with the following entry.

Required
1. Open an accounts receivable subsidiary ledger that has a T-account for each customer listed in the sales journal. 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. Open a general ledger that has T-accounts for Accounts Receivable, Inventory, Sales, Sales Returns and Allowances, and Cost of Goods Sold. May’s beginning balance of inventory was $20,000. Post the sales journal and any portion of the general journal entry that affects these accounts.
3. Prepare a schedule of accounts receivable and prove (confirm) that its total equals the balance in the Accounts Receivable controlling account.

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Date May 6 10 17 25 31 Account Debited Aaron Reckers Sara Reed Anna Page Sara Reed Totals Invoice Number 190 191 192 193 Sales Journal PR Accounts Receivable Dr. Sales Cr. 3,880 2,940 1,850 1,340 10,010 Page 2 Cost of Goods Sold Dr. Inventory Cr. 3,120 2,325 1,480 1,075 8,000