A fire destroyed Fong Company's journals. However, the general ledger and accounts receivable subsidiary' ledger were saved. An inspection of the ledgers reveals the following information:

Fong's credit terms are 1/10, n/30.
Instructions:

Reconstruct the sales and cash receipts journals from the information given.

Transcribed Image Text:

Cash (Acct. No. 11) May 1 Bal. 31 8,200 7,338 May 3 Sales Discounts (Acct. No. 42) 12 GENERAL LEDGER Sales (Acct. No. 41) May 31 5,050 31 4,500 Accounts Receivable (Acct. No. 12) 31 May Bal. 3,100 5,050 May 31 2,850 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Customer A Customer B May 1 Bal. 290 May 1 Bal. 1,250 May 13 1,000 5 500 5 400 Customer C Customer D May 2 1,450 May 1 Bal. 1,560 May 11 650 Customer E May 2 1,200 May 3 1,200 12 1,500