- 100% $ 1 000 123- Delaul (ca. 11 BISA B.... @ Y- EX81 E G H Accounts Receivables PAGE Credit PR Debit GENERAL JOURNAL Date Account Titles & Explanation 2020 Account Receivable - ABC Shop Sales 8,500.00 8,500.00 OS Accounts Receivable Colt Enterprises Sales 2,800.00 2,600.00 Jax 11 Accounts Receivable-Red Mckende 1.560.00 Sales 1,550.00 Sales Returns Allowances Nov 19 214 DO Sales Retums and Allowances Accounts Receivable - Red McKenzie 214.00 Nov 28 Accounts Receivable - ABC Shop 4.980.00 4.980.00 Exercise 8-1 Subledger accounts LO1 Wallace Contracting recorded the following transactions during November 2020: mer 2. Des Nov 3 8,500 8,500 Exercis Kitchen off a $1, 8 2,600 2,600 11 1,560 a. Mak Accounts Receivable-ABC Shop Sales Accounts Receivable-Colt Enterprises Sales Accounts Receivable-Red McKenzie. Sales Sales Returns and Allowances Accounts Receivable-Red McKenzie....... Accounts Receivable-ABC Shop... Sales 1560 b. Mak 19 214 214 28 4,980 4,980 Exercis Faster an $8,75 a. Mak b. Mak Exercis *Cost of goods sold (or COGS) has been ignored for the purpose of maintaining focus on accounts receivable Required 1. Open a general ledger having T-accounts for Accounts Receivable, Sales, and Sales Returns and Allowan- ces. Also open an accounts receivable subledger having a T-account for each customer. Post the preceding entries to the general ledger accounts and the customer accounts 2. List the balances of the accounts in the subledger , total the balances, and compare the total with the bal ance of the Accounts Receivable controlling account. At the credits counts Catheri An asterisk (') identifies assignment material based on Appendix A. edly pal