a. For the Walter Lantz Co. in July, 2022, journalize, record, and post the following transactions as needed to the sales, cash receipts, and general journals. All terms are 2/10, n/30. b. Prepare a schedule of accounts receivable. CRJ SJ SJ CR GJ CRJ CRJ SJ 2022 July 2 Walter Lantz invested $8,000 in the business. 4 Sold merchandise on account to Panda Co., invoice No. 1$300. Cost of inventory was $225. 5 Sold merchandise on account to Buzzard Co., invoice No. 2$600. Cost of inventory was $450. 6 Cash sale$400. Cost of inventory was $300. 8 Issued credit memorandum No. 1 to Panda Co. for defective merchandise$100. Cost of inventory was $75. 11 Received cheque from Panda Co. for invoice No. 1 less returns and discount. 16 Cash sale$500. Cost of inventory was $375. 19 Sold merchandise on account to Panda Co.$550, invoice No. 3. Cost of inventory was $412.50. Recorded immediately in subsidiary ledger. WALTER LANTZ CO. SALES JOURNAL Page 1 Date 2022 July 4 5 19 31 Account Debited Panda Co. Panda Co. Buzzard Co. Terms 2/10, n/30 2/10, n/30 2/10, n/30 Invoice No. 1 2 3 Accts. Rec. Dr. PR Sales Cr. 30 000 60 000