Freja Nilsson opened Freja’s Cosmetic Market on December 1. Freja offers no sales discounts. The following transactions occurred in December: 2023
Dec.

1 Freja Nilsson invested $6,000 in the Cosmetic Market from her personal savings account.
5 From the cash register tapes, lipstick cash sales were $5,100.Cost of inventory was $3,825.
5 From the cash register tapes, eye shadow cash sales were $1,700. Cost of inventory was $1,275.
8 Sold lipstick on account to Alex Kozlosky Co., $200, sales ticket No. 1. Cost of inventory was $150.
9 Sold eye shadow on account to Sabin Co., $800, sales ticket No. 2. Cost of inventory was $600.
15 Issued credit memorandum No. 1 to Alex Kozlosky Co. for $100 for lipstick returned. Cost of inventory returned was $75.
19 Sabin Co. paid half the amount owed from sales ticket No. 2, dated December 9.
21 Sold lipstick on account to Shimmer Co., $350, sales ticket No. 3. Cost of inventory was $262.50.
24 Sold eye shadow on account to Wease Co., $1,000, sales ticket No. 4. Cost of inventory was $750.
25 Issued credit memorandum No. 2 to Shimmer Co. for $250 for lipstick returned from sales ticket No. 3, dated December 21. Cost of inventory returned was $187.50.
29 Cash Sales taken from the cash register tape: Lipstick $900 (cost of inventory $675) and eye shadow sales $2,900 (cost of inventory
$2,175)
29 Sold lipstick on account to Sabin Co., $300, sales ticket No. 5. Cost of inventory was $225.
31 Received payment from Sabin Co. for sales ticket No. 5, dated December 29.

Required
a. Journalize, record, and post as appropriate.
b. Prepare a schedule of accounts receivable for the end of December.