AP-7A LO 2 Peter's Pewter sells figurines. During the month of August 2019, the following transactions occurred. Aug 3 Peter invested $4,000 into his business Aug 7 Sold inventory to Joyce Fontane for $500 cash; the inventory had a cost of $240 Aug 16 Sold inventory to Carol Balsdon for $750 on account; the inventory had a cost of $310 Aug 17 Sold inventory to James Stewart for $820 on account; the inventory had a cost of $420 Aug 24 Received full payment from Carol Balsdon for the Aug 16 transaction Assume zero opening balances for the subledger and general ledger accounts. Assume no entries were made directly to the accounts receivable general ledger from the general journal. 404 Chapter 9 ing selected accounts to complete the posting references Account Description Account Account Description Cash 101 Accounts Receivable Pewter, Withdrawals 110 Sales Revenue Merchandise Inventory 120 Sales Discount Accounts Payable 200 Interest Revenue Bank Loan 220 Pewter, Capital 300 Salaries Expense Cost of Goods Sold Office Supplies Expense Account 310 400 405 410 500 510 520 525 quired Record the above transactions in the sales journal and the cash receipts journal. Assume all postings were completed Telephone Expense Show referencing Sales Journal Date Account Invoice # Accounts Receivable! Sales Page 1 COGS/ Merchandise Inventory (DR/CR) PR (DR/CR) Cash Receipts Journal ate Account Accounts Receivable (CR) Cash (DR) PR Page 3 COGS Merchandise Inventory (DR/CR) Bank Loan (CR) Sales (CR) Other (CR) how the above were posted to the accounts receivable control and subsidiary ledger accounts. Ecount: Accounts Receivable Date Description GL No: Balance PR DR CR Account: Carol Balsdon Date PR DR CR Balance Balance CR Account: James Stewart Date PR DR