Using the following information fill out the Accounts receivable Subsidiary Ledger.

1)All credit sales are made to customers on the following terms: 2%/15 days, n or 0%/30 days. Payments received from customers are first credited towards the oldest balances in determining any applicable discount.

Customer Date of Sale Balance Owed

Krohngold 7/20/22 $8,000

J Goar 9/13/22 22,000

C Winters 10/25/22 16,000

J Tishman 11/22/22 60,000

P OMalley 11/24/22 24,000

C Becker 11/28/22 30,000

Transactions for December:

Dec 1. Sold $30,000 of inventory to C Winters on credit (invoice #12010).

Dec 4. Received cash payment from J Tishman for balance owed.

Dec 4. Accepted a sales return from P OMalley for a $4,000 item. P OMalley paid her balance due after the return

Dec 5. Wrote off the balance owed by M Krohngold as uncollectible.

Dec 5. Received a payment from C Winters that reduced his balance owed by $10,000.

Dec 6. Received payment in full from C Becker.

Dec 6. Made a credit sale to a new customer, S Riley, in the amount of $40,000.

Dec 7. Received a check for payment in full from J Goar.

Dec 12. Received a check from C Winters that reduced his balance owed by $20,000.

Dec 12. Sold additional merchandise on credit to S Riley for $20,000.

Dec 13. Bought inventory from TH, Inc. for $35,000 on credit.

Dec 13. S Riley returned an item purchased on Dec 12 (amount = $5,000).

Dec 13. Received a check from S Riley for 12/6 purchase. Amount fully satisfied balance owed for that purchase.

Dec 14. Sold merchandise to J Tishman ($8,000) and C Becker ($12,000) on credit.

Dec 15. Received a check from S Riley in full settlement of balance owed.

Dec 20. Received a check from C Becker for payment of balance owed.

Dec 21. Sold merchandise to C Winters on credit for $24,000

Subsidiary A/R Ledger

Customer Name	Customer#	Explanation	Date	Debit	Credit	Balance
Krohngold	110-12	Balance	12/1			$8,000
Goar	110-25	Balance	12/1			$22,000
Winters	110-33	Balance	12/1			$16,000
Tishman	110-44	Balance	12/1			$60,000
OMalley	110-46	Balance	12/1			$24,000
Becker	110-47	Balance	12/1			$30,000
Riley	110-48