Kylie Henderson owns and operates Rarity Collectibles Shop in St. John’s. In this province, it is necessary to add HST of 13% to the sales total to arrive at the final invoice amount. The following transactions occurred in January: 

2020 Jan. 2 Kylie Henderson invested $42,000 in the business. 

3 Sold $2,600 worth of merchandise (plus HST) on account to Starcraft Reproductions, sales invoice No. 344, terms 2/10, n/30. Cost of inventory was $1,950. 

6 Sold $3,200 worth of merchandise (plus HST) on account to Burgess Fancys, sales invoice No. 345, terms 2/10, n/30. Cost of inventory was $2,400. 

8 Sold $3,800 worth of merchandise (plus HST) on account to HardTo-Find Co., sales invoice No. 346, terms 2/10, n/30. Cost of inventory was $2,850. 

10 Received cash from Starcraft Reproductions in payment of January 3 transaction, sales invoice No. 344, less discount. 

14 Sold $2,480 worth of merchandise (plus HST) on account to Georgina’s Collections, sales invoice No. 347, terms 2/10, n/30. Cost of inventory was $1,860. 

16 Received cash payment from Burgess Fancys in payment of January 6 transaction, sales invoice No. 345. 

17 Charged cash sales, $4,125 plus HST. Cost of inventory was $3093.75. 

20 Issued credit memorandum No. 10 to Georgina’s Collections for $500 worth of merchandise (plus HST) returned from January 14 sales on account. Inventory was not returned to stock. 

21 Received cash from Georgina’s Collections in payment of January 14 sales invoice No. 347. (Don’t forget about the credit memo, HST, and discount.) 24 Charged cash sales, $4,720, plus HST. Cost of inventory was $3,540. 

27 Sold merchandise priced at $6,000 (plus HST) on account to Perfect Sales Co., sales invoice No. 348, terms 2/10, n/30. Cost of inventory was $4,500. 

31 Issued credit memorandum No. 11 to Perfect Sales Co. for $1,200 (plus HST) of merchandise returned from January 27 transaction, sales invoice No. 348. Cost of inventory returned was $900. 

Required 

a. Journalize the transactions. 

b. Record in the accounts receivable ledger and post to the general ledger as needed. 

c. Prepare a schedule of accounts receivable as of January 31, 2020.