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9A-3. Mark Peaker owns Peaker's Sneaker Shop (In your working papers balances as of May I are provided for the accounts receivable and general ledger

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9A-3. Mark Peaker owns Peaker's Sneaker Shop (In your working papers balances as of May I are provided for the accounts receivable and general ledger accounts: The following transaction occurred in May: 19xx May 1 Mark Peaker invested an additional $12,000 in the sneaker store. Sold $700 of merchandise on account to B. Dale, sales ticket no.60, terms 1/10, n/30. Sold $500 of merchandise on account to Ron Lester, sales ticket no.61 terms 1/10, n/30. Sold $200 of merchandise on account to Jim Zon, sales ticket no.62. terms 1/10, n/30. 10 Received cash payment from B. Dale in payment of May 3 transaction, sales ticket no. 60, less discount. 20 Sold $3,000 of merchandise on account to Pam Pry, sales ticket no.63, terms 1/10, n/30. 22 Received cash payment from Ron Lester in payment of May 4 transaction, sales ticekt no. 61. 23 Collected Cash sales, $3,000. 24 Issued credit memorandum no.1 to Pam Pry for $2,000 of merchandise returned from May 20 sales on account. 26 Received cash from Pam Pry in payment of May 20, sales ticket no.63. (Don't forget about the credit memo and discount.) 28 Collected cash sales, $7,000 30 Sold sneaker rack equipment for $300 cash. (Beware.) 30 Sold merchandise priced at $4,000, on account to Ron Lester, sales ticket no. 64, terms 1/10, n/30. 31 Issued credit memorandum no. 2 to Ron Lester for $700 of Merchandise returned from May 30 transaction, sales ticket no. 64. Required: 1. Journalized the transactions. 2. Record to the accounts receivable subsidiary ledger and post to general ledger as needed. 3. Prepare a schedule of accounts receivable

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