GROUP C PROBLEMS (Excel templates for all questions are available in MyAccountingLab.) Ps.16. The following transactions occurred for Lodge Co. of St. Albert for the month of July. 2019 July 2. 5 9 12 Sold merchandise to Joan Timkins Co. on account, $1,600, invoice No. 115, terms: net 30 days. Cost of inventory was $1,120. Sold merchandise to Chris Cowan Co. on account, $825, invoice No. 116, terms: net 30 days. Cost of inventory was $577.50. Sold merchandise to Cross & Co. on account, $1,950, invoice No. 117, terms: net 30 days. Cost of inventory was $1,365. Issued credit memorandum No. 1 to Joan Timkins Co. for $400 worth of merchandise returned because of faulty colour- ing match. Cost of inventory being returned is $280. Sold merchandise to Chris Cowan Co. on account, $925, invoice No. 118, terms: net 30 days. Cost of Inventory was $647.50. Sold merchandise to Cross & Co. on account, $930, invoice No. 119, terms: net 30 days. Cost of inventory was $651. Sold merchandise to Joan Timkins Co. on account, $2,025, invoice No. 120, terms: net 30 days. Cost of inventory was 15 19 23 $1,417.50. Required a. Journalize the transactions in the appropriate journals. b. Record in the accounts receivable ledger and post to the general ledger as appropriate. c. Prepare a schedule of accounts receivable as of July 31. (In the Excel templates on MyAccountingLab, all the beginning balances needed C