101 Cash 401 Sales Revenue 112 Accounts Receivable 414 Sales Discounts 120 Inventory 505 Cost of Goods Sold 301 Owner's Capital On April 1, the accounts receivable ledger of Sandhill Company showed the following balances: Morrow $1.560, Rose $1,200. Jennings Co. $2,890, and Dent $2,500. The April transactions involving the receipt of cash were as follows. Apr. The owner, T. Sandhill, invested additional cash in the business $7.260. 1 4 Received check for payment of account from Dent less 2% cash discount. 5 Received payment in full for $960 from Jennings Co for invoice no. 307. 8 Made cash sales of merchandise totaling $7.230. The cost of the merchandise sold was $4,338. 10 Received payment in full for $555 from Morrow for invoice no. 309. 11 Received cash refund from a supplier for damaged merchandise $710. 23 Received payment in full for $1,100 from Jennings Co. for invoice no. 310. 29 Received check for payment of account from Rose (no cash discount allowed). Insert the beginning balances in the Accounts Receivable control and subsidiary accounts, and post the April transactions to these accounts. (Post entries in the order of entries presented in the previous part.) General Ledger Accounts Receivable No. 112 Date Explanation Ref. Debit Credit Balance Apr. 1 3 Balance 7260 7260 Apr. 30 CRI Accounts Receivable Subsidiary Ledger Morrow Date Explanation Ref. Debit Apr. 1 Balance Apr. 10 CR1 Credit Balance Rose Date Explanation Ref. Debit Credit Balance Apr. 1 Balance V Apr. 29 Jennings Co. CRI Date Explanation Ref. Debit Credit Balance Apr. 1 Balance V Apr. 5 Apr. 23 CR1 CR1 Dent Date Explanation Ref. Debit Credit Balance. Apr. 1 Balance Apr. 41 CR1