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At the end of May, the sales journal of Mountain View appears as follows. Assume beginning inventory balance for May to be $6,974. Date Sales
At the end of May, the sales journal of Mountain View appears as follows. Assume beginning inventory balance for May to be $6,974. Date Sales Journal Page 2 Account Debited Invoice Number PR Accounts Receivable Debit Sales Credit Cost of Goods Sold Debit Inventory Credit May 6 Aaron Reckers 190 2,360 1,794 May 10 Sara Reed 191 1,420 1,172 May 17 Anna Page 192 632 372 May 25 Sara Reed 193 253 149 May 31 Totals 4,665 3,487 Mountain View also recorded an allowance (price reduction) given to Anna Page with the following entry. Date General Journal Debit Credit May 20 Sales Returns and Allowances 350 May 20 Accounts ReceivableAnna Page 350 May 20 Record allowance to customer. Required: 1. Post to the customer accounts the entries in the sal
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