Comprehensive problem: P6-2C. (In the Excel templates on MyL Lab Accounting, all the beginning balances needed recording transactions into sales, are provided for the accounts receivable and general ledger.) The following cash receipts, and general transactions occurred for Bedford Sausage Supply Co.: journals; recording to accounts receivable and posting to general 2023 ledger; preparing a schedule Sept. 2 Karen Blum, owner, invested an additional $15,000 in the business. of accounts receivable 3 Sold $1,850 worth of merchandise on account to Petra's Meat (3) 30(70min) Market, sales invoice No, 460 , terms 1/10,n/30. Cost of inventory was $1,387,50. 5 Sold $825 worth of merchandise on account to Chapman's Deli, sales invoice No, 461 , terms 1/10,n/30. Cost of inventory was $618.75. Zeak F igom 8 Sold $930 worth of merchandise on account to Valemont Variety thedule of Accounts Meats Co., sales invoice No. 462 , terms 1/10,n/30. Cost of ceivable $6,084.60 inventory was $697.50. 12 Received cash from Petra's Meat Market in payment of September 3 tansaction, sales invoice No. 460 , less discount. 19 Sold $1,500 worth of merchandise on account to Discount Meats, sales invoice No. 463 , terms 1/10,n/30. Cost of inventory was $1,125. 22 Received cash payment from Chapman's Deli in payment of September 5 transaction, sales invoice No. 461. 2.3 Collected cash sale, $638. Cost of inventory was $478.50. Sept. 23 Issued credit memorandum No. 101 to Discount Meats for $300 worth of merchandise returned from September 19 sales on account. Cost of inventory being returned is $225. 25 Received cash from Discount Meats in payment of September 19 sales invoice No. 463. (Don't forget about the credit memo and discount.) 25 Collected cash sales, \$813. Cost of inventory was $609.75. 26 Sold meat-cooling equipment for $900 cash. (Ignore depreciation entry.) 29 Sold $1,620 worth of merchandise on account to Chapman's Deli, sales invoice No. 464 , terms 1/10,n/30. Cost of inventory was $1,215. 30 Issued credit memorandum No. 102 to Chapman's Deli for $420 worth of merchandise returned from September 29 transaction, sales invoice No. 464. Cost of inventory being returned is $315. Required a. Journalize the transactions in the appropriate journals. b. Record and post as appropriate. c. Prepare a schedule of accounts receivable as of Sept. 30. Section: Date: 242526 4. Sales Journal Cash Receipts Journal Gen. Journal| Ledger|Ledger (2) Ledger (3) and Schedule of AR Ready Rhas Accessibinity= Unavailable 13F Partly cloudy CASH RECEIPTS JOURNAL Ready Wraccessibility Unavalable 13F Portty cloudy Search NAME: DISCOUNT MEATS 23 ADDRESS, 56 TOWNSHIP BLVD, FREDERICTON, NB E3A 3 ST NAME: PETRA'S MEAT MARKET 34 ADDRESS: 45 MAIN ST, FREDERICTON, NB E3B 5H2 \begin{tabular}{|c|c|c|c|c|c|c|} \hline 35 & Date & Explanation & PostRef & Debit & Credit & Dr. Balance \\ 36 & 2023 & & & & & 1,235.00 \\ 37 & Sept 1 & Balance & & & \\ 38 & & & & & & \\ 39 & & & & & & \\ 40 & & & & & & \\ 41 & & & & & & \\ \hline \end{tabular} 42 43 NAME: VALEMONT VARIETY MEATS 44 ADDRESS: 137 FOREST RD, CHIPMAN, NB EOE 3 H1 \begin{tabular}{|r|c|c|c|c|c|r|} \hline 45 & Date & Explanation & PostRef. & Debit & Credit & Dr. Balance \\ \hline 46 & 2023 & & & & & \\ \hline 47 & Sept 1 & Balance & & & & \\ 48 & & & & & & \\ \hline 59 & & & & & & \\ \hline 50 & & & & & \\ \hline \end{tabular} GENERAL LEDGER ACCOUNT NO. 130 SALES DISCOUNTS ACCOUNT NO. 402 \begin{tabular}{|c|c|c|c|c|c|c|} \hline Date2023 & Explanation & PostRef & Debit & Credit & Dr/Cr & Balance \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular} SALES RETURNS AND ALLOWANCES ACCOUNT NO. 404 \begin{tabular}{|c|c|c|c|c|c|c|c|} 24 & Date & Explanation & PostRef. & Debit & Credit & Dr/Cr & Balance \\ 25 & 2023 & & & & & & \\ 26 & & & & & & & \\ \hline 27 & & & & & & & \\ \hline 28 & & & & & & & \\ \hline \end{tabular} (3) SCHEDULE OF ACCOUNTS RECEIVABLE Comprehensive problem: P6-2C. (In the Excel templates on MyL Lab Accounting, all the beginning balances needed recording transactions into sales, are provided for the accounts receivable and general ledger.) The following cash receipts, and general transactions occurred for Bedford Sausage Supply Co.: journals; recording to accounts receivable and posting to general 2023 ledger; preparing a schedule Sept. 2 Karen Blum, owner, invested an additional $15,000 in the business. of accounts receivable 3 Sold $1,850 worth of merchandise on account to Petra's Meat (3) 30(70min) Market, sales invoice No, 460 , terms 1/10,n/30. Cost of inventory was $1,387,50. 5 Sold $825 worth of merchandise on account to Chapman's Deli, sales invoice No, 461 , terms 1/10,n/30. Cost of inventory was $618.75. Zeak F igom 8 Sold $930 worth of merchandise on account to Valemont Variety thedule of Accounts Meats Co., sales invoice No. 462 , terms 1/10,n/30. Cost of ceivable $6,084.60 inventory was $697.50. 12 Received cash from Petra's Meat Market in payment of September 3 tansaction, sales invoice No. 460 , less discount. 19 Sold $1,500 worth of merchandise on account to Discount Meats, sales invoice No. 463 , terms 1/10,n/30. Cost of inventory was $1,125. 22 Received cash payment from Chapman's Deli in payment of September 5 transaction, sales invoice No. 461. 2.3 Collected cash sale, $638. Cost of inventory was $478.50. Sept. 23 Issued credit memorandum No. 101 to Discount Meats for $300 worth of merchandise returned from September 19 sales on account. Cost of inventory being returned is $225. 25 Received cash from Discount Meats in payment of September 19 sales invoice No. 463. (Don't forget about the credit memo and discount.) 25 Collected cash sales, \$813. Cost of inventory was $609.75. 26 Sold meat-cooling equipment for $900 cash. (Ignore depreciation entry.) 29 Sold $1,620 worth of merchandise on account to Chapman's Deli, sales invoice No. 464 , terms 1/10,n/30. Cost of inventory was $1,215. 30 Issued credit memorandum No. 102 to Chapman's Deli for $420 worth of merchandise returned from September 29 transaction, sales invoice No. 464. Cost of inventory being returned is $315. Required a. Journalize the transactions in the appropriate journals. b. Record and post as appropriate. c. Prepare a schedule of accounts receivable as of Sept. 30. Section: Date: 242526 4. Sales Journal Cash Receipts Journal Gen. Journal| Ledger|Ledger (2) Ledger (3) and Schedule of AR Ready Rhas Accessibinity= Unavailable 13F Partly cloudy CASH RECEIPTS JOURNAL Ready Wraccessibility Unavalable 13F Portty cloudy Search NAME: DISCOUNT MEATS 23 ADDRESS, 56 TOWNSHIP BLVD, FREDERICTON, NB E3A 3 ST NAME: PETRA'S MEAT MARKET 34 ADDRESS: 45 MAIN ST, FREDERICTON, NB E3B 5H2 \begin{tabular}{|c|c|c|c|c|c|c|} \hline 35 & Date & Explanation & PostRef & Debit & Credit & Dr. Balance \\ 36 & 2023 & & & & & 1,235.00 \\ 37 & Sept 1 & Balance & & & \\ 38 & & & & & & \\ 39 & & & & & & \\ 40 & & & & & & \\ 41 & & & & & & \\ \hline \end{tabular} 42 43 NAME: VALEMONT VARIETY MEATS 44 ADDRESS: 137 FOREST RD, CHIPMAN, NB EOE 3 H1 \begin{tabular}{|r|c|c|c|c|c|r|} \hline 45 & Date & Explanation & PostRef. & Debit & Credit & Dr. Balance \\ \hline 46 & 2023 & & & & & \\ \hline 47 & Sept 1 & Balance & & & & \\ 48 & & & & & & \\ \hline 59 & & & & & & \\ \hline 50 & & & & & \\ \hline \end{tabular} GENERAL LEDGER ACCOUNT NO. 130 SALES DISCOUNTS ACCOUNT NO. 402 \begin{tabular}{|c|c|c|c|c|c|c|} \hline Date2023 & Explanation & PostRef & Debit & Credit & Dr/Cr & Balance \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline \end{tabular} SALES RETURNS AND ALLOWANCES ACCOUNT NO. 404 \begin{tabular}{|c|c|c|c|c|c|c|c|} 24 & Date & Explanation & PostRef. & Debit & Credit & Dr/Cr & Balance \\ 25 & 2023 & & & & & & \\ 26 & & & & & & & \\ \hline 27 & & & & & & & \\ \hline 28 & & & & & & & \\ \hline \end{tabular} (3) SCHEDULE OF ACCOUNTS RECEIVABLE