All of Curly Co$.\text{'}$s sales are made on account with terms of $\frac{n}{45}.$ Curly uses a perpetual inventory system and expects a return rate of $5\%.$ Cost of goods sold is $40\%$ of the selling price. Selected transactions for Curly follow:

June $1$ Sold $$12,500$ of merchandise to Larry Ltd$.$

June $9$ Merchandise with a selling price of $$250$ was returned to Curly by Larry. A credit was provided to Larry and the goods were returned to inventory.

June $21$ Received a partial payment from Larry for $$9,250.$

June $27$ Made a sale to Moe Limited for $$6,000.$

Instructions

A$.$ Record all the above transactions for Curly Co$.$

B$.$ Determine the accounts receivable subsidiary ledger balance for each of Curly Co$.\text{'}$s customers on June $30.$ What amount would Curly Co$.$ report as accounts recelvable on its statement of financial position on June $30.$