a. journalize the transactions in the appropriate journals b. record in the accounts receiveble subsidiary ledger and post to the general ledger as appropriate c. prepare a schedule of accounts receivable

Cash Owner's Equity, W. Chan 1100 3000 GROUP B PROBLEMS (Excel templates for all questions are available in My Accounting Lab.) P6-1B. The following transactions occurred for Food on the Go of Edmonton for the month of June. eneral and ounts 2019 June 3 P6 4 7 Sold merchandise to Joe Kase Co. on account, $800, invoice No. 1. Cost of inventory was $600. Sold merchandise to Sue Moore Co. on account, $550, invoice No. 2. Cost of inventory was $412.50. Sold merchandise to Long Co. on account, $900, invoice No. 3. Cost of inventory was $675. Issued credit memorandum No. 1 to Joe Kase Co. for $160 worth of merchandise returned. Cost of inventory was $120. Sold merchandise to Sue Moore Co. on account, $700, invoice No. 4. Cost of inventory was $525. Sold merchandise to Long Co. on account, $250, invoice No. 5. Cost of inventory was $187.50. 11 14 18 Required a. Journalize the transactions in the appropriate journals. b. Record in the accounts receivable subsidiary ledger and post to the general ledger as appropriate. c. Prepare a schedule of accounts receivable. inning balances needed