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 $6,034. Sales Journal Accounts Receivable Debit Invoice Date May 6 Account Debited Number PR Sales Credit Aaron Reckers 190 2,120 May 10 Sara Reed 191 1,180 May 17 Anna Page 192 525 May 25 May 31 Sara Reed Totals 193 210 4,035 Page 2 Cost of Goods Sold Debit Inventory Credit 1,611 974 309 123 3,017 Mountain View also recorded an allowance (price reduction) given to Anna Page with the following entry. Date May 20 General Journal Sales Returns and Allowances Accounts Receivable-Anna Page Record allowance to customer. Required: Debit 500 Credit 500 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3A Required 3B 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. TS RECEIVABLE SUBSIDIARY LEDGER