Use the journals and ledgers that follow. Total the journals. Post the transactions to the subsidiary ledger and (using T-accounts) to the general ledger accounts. Then prepare a schedule of accounts receivable.
CASH RECEIPTS JOURNAL Page 102 Accounts Sales Receivable, Discounts Sales, or Other DR Accounts CR Date Account Invoice No. Ref. Cash DR 2019 Feb. 1 Cash Sales Feb. 5 Payment from Evert Feb. 15 Bank loan (230) Feb. 21 Payment from Shriver Co. 1723 20 465 980 2,000 500 465 1,000 2,000 500 1719 SALES JOURNAL Page 79 DR Accts. Receivable CR Sales DR COGS CR Merchandise Inventory Date Account Invoice No. Ref. 2019 Feb. 4 Feb. 8 Feb. 14 Feb. 16 Evert Company (E123) King Inc. (K331) Martina Inc. (M132) Shriver Company (S101) 17433 17434 17435 17436 1,000.00 775.30 2,301.99 500.00
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Use the journals and ledgers that follow. Total the journals. Post the transactions to the subsidiary ledger and (using T-accounts) to the general ledger accounts. Then prepare a schedule of accounts receivable.