154) The Moonlight Company completed the following sales and cash receipts transactions during November. The Moonlight Company uses the perpetual inventory system Sold merchandise for $6,700 on credit to the Three Rivers Co., terms 2/10, n/30. Invoice no. 1455. Cost of the merchandise sold is $3,600 ov old merchandise for $3,400 on credit to the Milwaukee Co., terms 2/10, n/30. Invoice no. 1456. Cost of the merchandise sold is $1,800 old merchandise for $590 for cash to the Madison Co. Invoice no. 1457. Cost o he merchandise sold is $300, ov Nov. 2 Nov. 3 Borrowed $10,000 from Lake City Bank on a long-term note payable Sold merchandise for $7,200 on credit to the Pare Co., terms 2/10, n/30. Invoice Nov. 3 o 1458. Cost of the merchandise sold is $4,000 Received the amount due from the Three Rivers Co. from the sale on November Sold merchandise on credit for $950 to the Manitowok Co., terms 2/10, n/30 ov. 6 Invoice No. 1459. Cost of the merchandise is $500 Nox. 10 Received the amount due from the Milwakee Co. from the sale on November eceived the amount due from the Milwakee Co. from the sale on November l a. Use the sales journal and the cash receipts journal to record these transactions. b. Prepare a schedule of accounts receivable as of November 10. There was no accounts receivable balance at November 1 Sales Joumal Cost of Goods Sold Dr. Account InvoiceAccounts Receivable Dr Inventory Cr Debited NumberSales Cr Cash Receipts Joumal Sales Accounts Cost of Other Sales Accounts Cash Account Date Credined Discount Goods Sold Dr Explanation PR Dr. Receivable Cr. Cr Inventory Cr Dr Cr