Bella Floral Designs is a wholesale shop that sells flowers, plants, and plant supplies. The transactions shown below took place during January. All customers have credit terms of n/30.

DATE				TRANSACTIONS
Jan.		3		Sold a floral arrangement to Thomas Florist; issued Invoice 1081 for $470.
		8		Sold potted plants to Carter Garden Supply; issued Invoice 1082 for $760.
		9		Sold floral arrangements to Thomasville Flower Shop; issued Invoice 1083 for $456.
		10		Sold corsages to Moores Flower Shop; issued Invoice 1084 for $500.
		15		Gave Thomasville Flower Shop an allowance because of withered blossoms discovered in one of the floral arrangements sold on Invoice 1083 on January 9; issued Credit Memorandum 101 for $47.
		20		Sold table arrangements to Cedar Hill Floral Shop; issued Invoice 1085 for $450.
		22		Sold plants to Applegate Nursery; issued Invoice 1086 for $650.
		25		Sold roses to Moores Flower Shop; issued Invoice 1087 for $424.
		27		Sold several floral arrangements to Thomas Florist; issued Invoice 1088 for $910.
		31		Gave Thomas Florist an allowance because of withered blossoms discovered in one of the floral arrangements sold on Invoice 1088 on January 27; issued Credit Memorandum 102 for $135.

Required:

1. Record the transactions in the proper journal.
2. Post to the accounts receivable ledger.
3. Post the amounts from the general journal daily. Post the sales journal amount as a total at the end of the month.
4. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule.

Analyze: Damaged goods decreased sales by what dollar amount? By what percentage amount?

Complete this question by entering your answers in the tabs below.

• Sales Journal
• General Journal
• Ledger Accounts
• Schedule of Acct Rec
• Analyze