Brenda, a regular customer, bought goods worth ₱8,500 for her bookstore. Freight of ₱1,500 was prepaid under the term FOB Destination. 2/5, 1/10, n/30.

18 Shepard Voice Publishing House bought books worth ₱6,000. Terms: ₱2,000 down balance 2/10, n/30, FOB shipping point. Freight collect ₱300.

25 Collected the account of Brenda, ₱5,000.

27 Collected the balance from Rolling Bookstore.

Required:

a.Journalize the above transactions.

b.Open a T-account for the accounts receivable, post the entries and extract the balance.

c.Open subsidiary ledgers for account customers, post entries and extract the balances. Reconcile against the accounts receivable balance.