Dec. $1$ Sold merchandise for $$6,700$ on credit to the Banks Co$.,$ terms $2/10,$

$\frac{n}{30},$ invoice no$.1455.$ Cost of the merchandise sold is $$3,600.$

Dec. $1$ Sold merchandise for $$3,400$ on credit to the Warsaw Co$.,$ terms

$\frac{2}{10},\frac{n}{30}.$ Invoice no$.1456.$ Cost of the merchandise sold is $$1,800.$

Dec. $2$ Sold merchandise for $$590$ for cash to the Draper Co$.$ Invoice no$.$

Cost of the merchandise sold is $$300.$

Dec. $3$

Borrowed $$10,000$ from Franklin Savings on a long$-$term note

payable.

Dec. $3$ Sold merchandise for $$7,200$ on credit to the Wentner Co$.,$ terms

$\frac{2}{10},\frac{n}{30}.$ Invoice no$.1458.$ Cost of the merchandise sold is $$4,000.$

Dec. $5$ Received the amount due from the Banks Co$.$ from the sale on

December $1.$

Dec. $6$ Sold merchandise on credit for $$950$ to the Global Co$.,$ terms $2/10,$

n$/30.$ Invoice No$.1459.$

Dec. $6$ Received the amount due from the Warsaw Co$.$ from the sale on

December $1.$

Use the sales journal and the cash receipts journal to record these transactions.

Prepare a schedule of accounts receivable. There was no accounts receivable balance at December