Question

At the end of May, the sales journal of Mountain View appears as follows. 7-10 subsidiary ledger preparing a of accounts Sales Journal PR Date May 6 10 17 Account Debited Aaron Reckers Sara Reed Anna Page Sara Reed Totals Invoice Number 190 191 192 193 Accounts Receivable Dr. Sales Cr. 3,880 2,940 1,850 1,340 10,010 Page 20 Cost of Goods Sold Dr. Inventory Cr. 3,120 2.325 1,480 1,075 8,000 25 31

Answer 1

Solution:

1.)

Account Receivable

Subsidiary ledger

Anna Page

Date	Debit ($)	Credit ($)	Balance ($)
May 17	1,850		1,800
May 20		350	1,500

Sara Reed

Date	Debit($)	Credit($)	Balance ($)
May 10	2,940		2,940
May 25	1,340		4,280

Aron Reckers

Date	Debit($)	Credit ($)	Balance($)
May 6	3,880		3,880

2.) General ledger

Account Receivable
Date	Debit ($)	Credit ($)	Balance ($)
May 31	10,010		10,010
May 20		350	9,660
Sales
Date	Debit ($)	Credit ($)	Balance ($)
May 31		10,010	10,010
Sales Return and Allowance
Date	Debit ($)	Credit ($)	Balance ($)
May 20	350		350
Inventory
Date	Debit ($)	Credit ($)	Balance ($)
Beginning inventory
May 31		8,000	8,000
Cost of goods sold
Date	Debit ($)	Credit ($)	Balance
May 31	8,000		8,000

3.)

Mountain View

Schedule of Account Receivable

For the Month Ended May 31

Anna Page	$1,500
Sara Reed	$4,280
Aaron Reckers	$3,880
Total account receivable	$9,660