From the following transactions for Ava Co$.,$ journalize, record, post, and prepare a schedule of accounts receivable when appropriate. You will have to set up your own accounts receivable subsidiary ledger and partial general ledger as needed. All sales terms are The balance in merchandise inventory on October $1$ is $$2,000.$

$1$

AvaAva

RobertsRoberts

invested

$ $3$ comma $300$$$3,300$

in the business.

Oct.Oct.

$1$

Sold merchandise on account to

CharlestonCharleston

$$Co$.,$ invoice no$.1,$

$ $950$$$950.$

The cost of the merchandise was

$ $455$$$455.$

Oct.Oct.

$2$

Sold merchandise on account to

WilliamWilliam

$$Co$.,$ invoice no$.2,$

$ $960$$$960.$

The cost of the merchandise was

$ $625$$$625.$

Oct.Oct.

$3$

Cash$$ sale,

$ $220$$$220.$

The cost of the merchandise was

$ $140$$$140.$

Oct.Oct.

$8$

Issued credit memorandum no$.1$ to

CharlestonCharleston

Co$.$ for defective$$ merchandise,

$ $350$$$350.$

The cost of the merchandise was

$ $225$$$225.$

Oct.Oct.

$10$

Received check from

CharlestonCharleston

Co$.$ for invoice no$.1,$ less returns and discount.

Oct.Oct.

$15$

Cash$$ sale,

$ $440$$$440.$

The cost of the merchandise was

$ $285$$$285.$

Oct.Oct.

$18$

Sold merchandise on account to

CharlestonCharleston

$$Co$.,$ invoice no$.3,$

$ $850$$$850.$

The cost of the merchandise was

$ $550$$$550.$