The following transactions occurred for Lodge Co. of St. Albert for the month of July.

2019 July 

2 Sold merchandise to Joan Timkins Co. on account, $1,600, invoice No. 115, terms: net 30 days. Cost of inventory was $1,120. 

5 Sold merchandise to Chris Cowan Co. on account, $825, invoice No. 116, terms: net 30 days. Cost of inventory was $577.50. 

9 Sold merchandise to Cross & Co. on account, $1,950, invoice No. 117, terms: net 30 days. Cost of inventory was $1,365. 

12 Issued credit memorandum No. 1 to Joan Timkins Co. for $400 worth of merchandise returned because of faulty colouring match. Cost of inventory being returned is $280. 

15 Sold merchandise to Chris Cowan Co. on account, $925, invoice No. 118, terms: net 30 days. Cost of Inventory was $647.50. 19 Sold merchandise to Cross & Co. on account, $930, invoice No. 119, terms: net 30 days. Cost of inventory was $651. 23 Sold merchandise to Joan Timkins Co. on account, $2,025, invoice No. 120, terms: net 30 days. Cost of inventory was $1,417.50. 

Required 

a. Journalize the transactions in the appropriate journals. 

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

c. Prepare a schedule of accounts receivable as of July 31.