Please answer ALL tables, thank you so much!!! Please be mindful of Schedule of Accounts Receivable: $8,000

P6-2B. (In the Excel templates on MyLab Accounting, all the beginning balances needed are provided for the accounts receivable subsidiary and general ledgers.) The following transactions occurred for Peaker's Sneaker Shop of Dartmouth. The cost of goods sold for all merchandise is 75% of the sale price. This 75% also applies to inventory items returned. 2021 May 1 Mark Peaker invested an additional $14,000 in the sneaker store. 3 Sold $2,000 worth of merchandise on account to B. Dale, sales invoice No. 60, terms 1/10, n/30. 4 Sold $900 worth of merchandise on account to Ron Lester, sales invoice No. 61, terms 1/10, n/30. 8 Sold $600 worth of merchandise on account to Jim Zon, sales invoice No. 62, terms 1/10, n/30. 11 Received cash from B. Dale in payment of May 3 transaction, sales invoice No. 60, less discount. 18 Sold $4,000 worth of merchandise on account to Pam Pry, sales invoice No. 63, terms 1/10, n/30. 21 Received cash payment from Ron Lester in payment of May 4 transaction, sales invoice No. 61. 22 Collected cash sales, $6,000. 25 Issued credit memorandum No. 1 to Pam Pry for $500 worth of defective merchandise from May 18 sale. The merchandise was not returned to inventory. 25 Received cash from Pam Pry in payment of May 18 sales invoice No. 63. (Don't forget about the credit memo and discount.) May 28 Collected cash sales, $12,000. 28 Sold sneaker rack equipment for $200 cash. (Beware.) 29 Sold $6,000 worth of merchandise on account to Ron Lester, sales invoice No. 64, terms 1/10, n/30. 31 Issued credit memorandum No. 32 to Ron Lester for $800 as a sales allowance for incorrect colour from May 29 transaction, sales invoice No. 64. Comprehensive problem: recording transactions in sales, cash receipts, and general journals; recording in accounts receivable subsidiary ledger and posting to general ledger; preparing a schedule of accounts receivable (70 min) Check Figure Schedule of Accounts Receivable $8,000.00 Required a. Journalize the transactions in the appropriate journals. b. Record and post as appropriate. c. Prepare a schedule of accounts receivable as of May 31. PEAKER'S SNEAKER SHOP SALES JOURNAL Invoice No. Date PAGE 1 Cost of Goods Sold Dr. Inventory Cr. Post Ref. Customer's Name Accounts Receivable Dr. Sales Cr. PEAKER'S SNEAKER SHOP CASH RECEIPTS JOURNAL PAGE 2 Date: Cash Dr Accounts Receivable Cr Sales Cr Sales Discounts Dr. Cost of Goods Sold Dr Inventory Cr. Description of Receipt Post Ref. Sundry Account Cr. PEAKER'S SNEAKER SHOP GENERAL JOURNAL PAGE 1 Date Account Titles and Description Post Ref. Dr. Cr. ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER NAME: B. DALE ADDRESS: 1822 THE NARROWS ROAD, DARTMOUTH, NS B2X 7L5 Date Post Explanation Debit Credit 2021 Ref. May 1 Balance Dr. Balance 400.00 NAME: RON LESTER ADDRESS: 18 MASS AVE., KINGSTON, NS B2A 263 Date Post 2021 Explanation Ref. May 1 Balance Debit Credit Dr. Balance 800.00 NAME: PAM PRY ADDRESS: OLD MILL ROAD, GREENFIELD, QUEENS CO., NS BOT 3E0 Date Post Explanation Debit Credit 2021 Ref. |May 1 Balance Dr. Balance 600.00 . NAME: JIM ZON ADDRESS: 2 CHESTNUT ST., HALIFAX, NS B3K 3D5 Date Post Explanation 2021 Ref. May 1 Balance Debit Credit Dr. Balance 400.00 PEAKER'S SNEAKER SHOP GENERAL LEDGER CASH ACCOUNT NO. 10 Explanation Post Ref. Debit Credit Dr/Cr Date 2021 May 1 Balance Balance Dr 15,500.00 ACCOUNT NO. 12 ACCOUNTS RECEIVABLE Post Explanation Ref. Debit Credit Dr/Cr Date 2021 May 1 Balance Balance Dr 2,200.00 ACCOUNT NO. 13 INVENTORY Post Explanation Ref. Debit Credit Dr/Cr Date 2021 May 1 Balance Balance Dr 40,000.00 ACCOUNT NO. 14 SNEAKER RACK EQUIPMENT Post Explanation Ref. Debit Credit Dr/Cr Date 2021 |May 1 Balance Balance Dr 1,000.00 ACCOUNT NO. 30 MARK PEAKER, CAPITAL Post Explanation Ref. Debit Credit Dr/Cr Date 2021 May 1 Balance Balance Cr 40,000.00 PEAKER'S SNEAKER SHOP GENERAL LEDGER SALES ACCOUNT NO. 40 Explanation Post Ref. Debit Credit Dr/Cr Date 2021 May 1 Balance Balance Cr 2,200.00 ACCOUNT NO. 41 Date 2021 SALES DISCOUNTS Post Explanation Ref. Debit Credit Dr/Cr Balance ACCOUNT NO. 44 Date 2021 SALES RETURNS AND ALLOWANCES Post Explanation Debit Ref. Credit Dr/Cr Balance ACCOUNT NO. 50 Date 2021 COST OF GOODS SOLD Post Explanation Ref. Debit Credit Dr/Cr Balance PEAKER'S SNEAKER SHOP SCHEDULE OF ACCOUNTS RECEIVABLE MAY 31, 2021