Question: can someone please help me with this? thank you Exercise 7-12 (Algo) Posting to subsidiary ledger accounts; preparing a schedule of accounts receivable LO P1
can someone please help me with this? thank you






Exercise 7-12 (Algo) Posting to subsidiary ledger accounts; preparing a schedule of accounts receivable LO P1 At the end of May, the sales journal of Mountain View appears as follows. Assume beginning inventory balance for May to be $11,886. Mountain Viewalso recorded an allowance (price reduction) given to Anna Page with the following entry. Required: 1. 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. Post the sales journal and any portion of the general journal entry that affects these accounts. Required: 1. 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. Post the sales journal and any portion of the general journal entry that affects these accounts. 3a. Prepare a schedule of accounts receivable. 3b. Prove (confirm) that its total equals the balance in the accounts receivable controlling account. Answer is not complete. Complete this question by entering your answers in the tabs below. Post the sales journal and any portion of the general journal entry that affects these accounts. Complete this question by entering your answers in the tabs below. Post the sales journal and any portion of the general journal entry that affects these accounts. Sales Returns and Allowances \begin{tabular}{|c|c|c|c|} \hline \multicolumn{1}{|c|}{ Date } & Debit & Credit & Balance \\ \hline May 20 & & & \\ \hline & & & \\ \hline & & & \\ \hline & Inventory & & \\ \hline Date & Debit & Credit & Balance \\ \hline Beginning Inventory & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Date & & & \\ \hline & & & \\ \hline May 31 Sales Journal & & & \\ \hline & & & \\ \hline \end{tabular}
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