1: Binder company's chart of accounts includes the following selection accounts. 101-Cash 112-Accounts Receivable 120-Inventory 301-Owner's Capital 205-Notes Payable 401 Sales Revenue 414-Sale Returns and Allowances 505-Cost of Goods Sold On December 1 the accounts receivable ledger of Binder Company showed the following balances: Parisi Co. $6,200, and Piemaster Co. $3,400. For cost of Goods Sold, use 60% of sales. December 3 6 00 9 = 12 The owner, Jim Binder, invested additional cash in the business $15,000. Received check in full from Piemaster Co. less 2% cash discount. Sold Blizzie Co. $8600 worth of merchandise. Terms 2/10 n/30. Sold Piemaster Co. $6600 worth of merchandise term 2/10 n/30. Received check in full from Parisi Co. less 1% cash discount. Made cash sales of merchandise totaling $8,700. Piemaster Co. returned merchandise for credit $600. Sold $12000 worth of merchandise to Piemaster, Terms 2/10 n/30. Received check in full from Blizzie Co. Borrowed $10,000 from Bank on a 90 Day, 8% note. Received cash refund from a supplier for damaged merchandise $450. Sold Parisi Co. $7400 worth of merchandise, Terms 2/10 n/30. Sold Blizzie Co $5600 worth of merchandise, terms 2/10 n/30. 262 16 Received check in full from Piemaster Co. for payment of Dec 5 Sale. Received check in full from Parisi Co. Instructions 20 a) Journalize the transactions above in the cash receipts journal, sales journal, or general journal. b) Cross foot and post all journals. (Just post the three above journals, put in all references). c) Prove the agreement of the account receivable #112 and the subsidiary ledger account balances