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9A-1. Kate Collins has opened Fontina and Stuff, a wholesale grocery and cheese company. The following! transactions occurred in February 2013 Feb. 1 Sold grocery
9A-1. Kate Collins has opened Fontina and Stuff, a wholesale grocery and cheese company. The following! transactions occurred in February 2013 Feb. 1 Sold grocery merchandise to Fran Co. on account, $850, invoice no. 1. 4 Sold cheese merchandise to Groom Co. on account, $1,100, invoice no. 2. 8 Sold grocery merchandise to Dutch Co. on account, $1,100, invoice no. 3. 10 Issued credit memorandum no. 1 to Fran Co. for $160 of grocery merchandise returned due to spoilage 15 Sold cheese merchandise to Groom Co. on account, $250, invoice no. 4. 19 Sold grocery merchandise to Dutch Co. on account, $650, invoice no. 5. 25 Sold cheese merchandise to Fran Co. on account, 5700, invoice no. 6. $4,490 Check Figure Schedule of accounts receivable Gloom Co. on account, 51,100, invoice no. 2 8 Sold grocery merchandise to Dutch Co. on account, 51,100, invoice no. 3 10 Issued credit memorandum no. 1 to Fran Co. for $160 of grocery merchandise returned due to spolage Sold cheese merchandise to Groom Co.-on account, $250, invoice no. 4. 19 Sold grocery merchandise to Dutch Co. on account, $650, invoice no. 5. 25 Sold cheese merchandise to Fran Co. on account, $700, invoice no. 6. Check Figure Schedule of accounts receivable $4,490 Required 1. Journalize the transactions. 2. Record to the accounts receivable subsidiary ledger and post to the general ledger as appropriate 3. Prepare a schedule of accounts receivable for the end of February
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