a. journalize the transaction b. record in the accounts receiveble subsidiary ledger c. prepare a schedule of accounts receivable as of May 31

11 Nav 18 ledger 21 25 at the Received cash from 13. Dale in payment of May 3 traction. sales invoice No. 60, less discount Sold 54,000 worth of merchandise on account to Pam Pry. sales invoice No. 63. terms 1/10, 1/30. Received ensh payment from Ron lesturin payment of May 4 transaction, sales invoice No. 61. Collected cash sales, 56,000 Issued credit memorandum No. 1 to Pam P'ry for $500 worth of defective merchandise from May 18 sale. The metchandise was not returned to inventory Received cash from Pam Pry in payment of May 18 sales invoice No. 63. Don't forget about the credit memo and discount) Collected cash sales, $12,000 Sold sneaker rack cquipment for $200 cash. Beware) Sold 56,000 worth of merchandise on account to Ron Lestet, sales invoice No. 64, terms 1/10, n/30 Issued creslit memorandum No 32 to Ron Lester for $800 a 2 sales allowance for incorrect colour from May 29 transac tion, sales invoice No. 64 25 28 28 29 31 Required ce 2. Journalize the transactions in the appropriate journals. b. Record and post as appropriate c. Prepare a schedule of accounts receivable as of May 31 7:38. Kylie Henderson owns Henderson's Home Improvement Shop in London. (In Comprehensive pro your working papers, balances as of May 1 are provided for the accounts receiv able and general ledger accounts.) The following transactions occurred in May cash receipts, and 2018 journals: recording May 1 Kylie Henderson invested an additional $12,000 in the home receivable subsidi improvement store preparing a sched 4 Sold 9900 worth of merchandise on account to B. Dale, sales receivable invoice No. 160, terms 1/10, n/30, Cost of inventory was $675 0 170 mi 4 Sold $500 worth of merchandise on account to Ron Lester, sales Check Florre invoice No. 161, terms 1/10, 1/30. Cost of inventory was $375. Schedule o co 8 Sold $200 worth of merchandise on account to Jim Zon, sales Receivable 55,700 invoice No. 162, terms 1/10,n/30. Cost of inventory was $150. 11 Received cash from B. Dale in payment of May 4 transaction, sales invoice No. 160, less discount. 21 Sold $3,000 worth of merchandise on account to Pam Pry, sales invoice No. 163, terms 1/10, 1/30. Cost of inventory was $2,250. 22 Received cash payment from Ron Lester in payment of May 4 transaction, sales invoice No. 161. 22 Collected cash sales, $3,000. Cost of inventory was $2,250, 25 Issued credit memorandum No. 31 to Pam Pry for $2,000 worth of merchandise returned from May 21 sales on account. Cost of inventory was $1,500 25 Collected cash sales, $7,000. Cost of inventory was $5,250. 28 Received cash from Pam Pry in payment of May 21 sales invoice No. 163. Don't forget about the credit memo and discount.) 28 Sold home improvement rack equipment for $300 cash. (Beware.) 29 Sold merchandise, priced at $4,000, on account to Ron Lester, sales invoice No. 164, terms 1/10, n/30. Cost of inventory is $3,000 31 d 1- -1 Issued credit memorandum No. 32 to Ron Lester for $700 worth of defects from May 29 transaction, sales invoice No. 164. The merchandise was not returned to inventory. SPECIAL JOURNALS AND SUBSIDIAR O 11 Nav 18 ledger 21 25 at the Received cash from 13. Dale in payment of May 3 traction. sales invoice No. 60, less discount Sold 54,000 worth of merchandise on account to Pam Pry. sales invoice No. 63. terms 1/10, 1/30. Received ensh payment from Ron lesturin payment of May 4 transaction, sales invoice No. 61. Collected cash sales, 56,000 Issued credit memorandum No. 1 to Pam P'ry for $500 worth of defective merchandise from May 18 sale. The metchandise was not returned to inventory Received cash from Pam Pry in payment of May 18 sales invoice No. 63. Don't forget about the credit memo and discount) Collected cash sales, $12,000 Sold sneaker rack cquipment for $200 cash. Beware) Sold 56,000 worth of merchandise on account to Ron Lestet, sales invoice No. 64, terms 1/10, n/30 Issued creslit memorandum No 32 to Ron Lester for $800 a 2 sales allowance for incorrect colour from May 29 transac tion, sales invoice No. 64 25 28 28 29 31 Required ce 2. Journalize the transactions in the appropriate journals. b. Record and post as appropriate c. Prepare a schedule of accounts receivable as of May 31 7:38. Kylie Henderson owns Henderson's Home Improvement Shop in London. (In Comprehensive pro your working papers, balances as of May 1 are provided for the accounts receiv able and general ledger accounts.) The following transactions occurred in May cash receipts, and 2018 journals: recording May 1 Kylie Henderson invested an additional $12,000 in the home receivable subsidi improvement store preparing a sched 4 Sold 9900 worth of merchandise on account to B. Dale, sales receivable invoice No. 160, terms 1/10, n/30, Cost of inventory was $675 0 170 mi 4 Sold $500 worth of merchandise on account to Ron Lester, sales Check Florre invoice No. 161, terms 1/10, 1/30. Cost of inventory was $375. Schedule o co 8 Sold $200 worth of merchandise on account to Jim Zon, sales Receivable 55,700 invoice No. 162, terms 1/10,n/30. Cost of inventory was $150. 11 Received cash from B. Dale in payment of May 4 transaction, sales invoice No. 160, less discount. 21 Sold $3,000 worth of merchandise on account to Pam Pry, sales invoice No. 163, terms 1/10, 1/30. Cost of inventory was $2,250. 22 Received cash payment from Ron Lester in payment of May 4 transaction, sales invoice No. 161. 22 Collected cash sales, $3,000. Cost of inventory was $2,250, 25 Issued credit memorandum No. 31 to Pam Pry for $2,000 worth of merchandise returned from May 21 sales on account. Cost of inventory was $1,500 25 Collected cash sales, $7,000. Cost of inventory was $5,250. 28 Received cash from Pam Pry in payment of May 21 sales invoice No. 163. Don't forget about the credit memo and discount.) 28 Sold home improvement rack equipment for $300 cash. (Beware.) 29 Sold merchandise, priced at $4,000, on account to Ron Lester, sales invoice No. 164, terms 1/10, n/30. Cost of inventory is $3,000 31 d 1- -1 Issued credit memorandum No. 32 to Ron Lester for $700 worth of defects from May 29 transaction, sales invoice No. 164. The merchandise was not returned to inventory. SPECIAL JOURNALS AND SUBSIDIAR O