At the end of May, the sales journal of Mountain View appears as follows. Accoun

Question

At the end of May, the sales journal of Mountain View appears as follows. Account Debited Cost of Goods Sold Dr Inventory Cr 2,485 1,922 610 244 Invoice Accounts Receivable Dr. Sales Cr 3,270 2,330 1.037 Date May 6 Number PR Aaron Reckers 10 Sara Reed 17Anna Page 25 Sara Reed 190 191 192 193 415 31 Totals 7,052 5.261 Mountain View also recorded the return of defective merchandise with the following entry Date May 20 General Journal Debit 225 Credit Sales Returns and Allowances Accounts Receivable-Anna Page Customer returned (worthless) merchandise. 225 value: 3.00 points 3. Prepare a schedule of accounts receivable MOUNTAIN VIEW Schedule of Accounts Receivable May 31 Anna Page Sara Reed Aaron Reckers Total accounts receivable $ 0

Explanation / Answer

1. Schedule of Accounts Receivable

2. Accounts Receivable Subsidiary Ledger

Anna Page

Sara Reed

Aaron Reckers

3. General Ledger

Accounts Receivable

Sales

Sales Returns and allowances

Inventory

Cost of goods sold

$ Anna Page 812 Sara Reed 2745 Aaron Reckers 3270 Total Account Receivable 6827

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