Assume the following account balances at January 1, 20X1:

Accounts Receivable (control account)	$	8,400
Accounts ReceivableJohn Gibrone		5,200
Accounts ReceivableJim Garcia		2,140
Accounts ReceivableJune Lin		1,060

GENERAL JOURNAL

DATE

DESCRIPTION

POST. REF.

DEBIT

CREDIT

20X1

Jan.

8

Cash

520

Accounts Receivable/John Gibrone

520

Received partial payment on

account from John Gibrone

20

Sales Returns and Allowances

100

Sales Tax Payable

8

Accounts Receivable/Jim Garcia

108

Accept return of defective

merchandise, Credit

Memorandum 121; original sale

made on Sales Slip 11102 of

January 2, 20X1

Required: Post the entries in the general journal above to the Accounts Receivable account in the general ledger and to the appropriate accounts in the accounts receivable ledger for Calderone Company.

Post the entries in the general journal above to the appropriate accounts in the accounts receivable ledger for Calderone Company. Post the entries in the general journal above to the accounts receivable account in the general ledger for Calderone Company. \begin{tabular}{|c|c|r|r|} \hline \multicolumn{3}{|c|}{ GENERAL LEDGER } \\ \hline Accounts Receivable & \multicolumn{2}{|c|}{ Account No. 111 } \\ \hline Date & Debit & Credit & \multicolumn{1}{c|}{ Balance } \\ \hline Jan 01, 20X1 & & & 8,400 \\ \hline Jan 08, 20X1 & & 520 & 7,880 \\ \hline Jan 20, 20X1 & & 100 & 7,780 \\ \hline & & & \\ \hline \end{tabular}