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East 51 sells clothing to retailers. During the month of September 2019, the following transactions occurred. Assume zero opening balances for the subledger and general

East 51 sells clothing to retailers. During the month of September 2019, the following transactions occurred. Assume zero opening balances for the subledger and general ledger accounts. Assume no entries were made directly to the accounts receivable general ledger from the general journal. Sep 6 Sold merchandise to Fashion House for $7,300 cash. The inventory had a cost of $4,380. The invoice number was #458 Sep 7 Received a loan from the US Bank for $4,000. Sep 11 Sold merchandise to Michelle's on account for $9,300. The inventory had a cost of $6,510. The invoice number was #459. Sep 17 Sold merchandise to Dress Me for $10,000 on account. The inventory had a cost of $6,500. The invoice number was #460. Sep 21 Received full payment from Michelle's for the sale on September 11. Sep 30 Received $80 of interest earned on a savings account. Required a) Record the above transactions in the sales journal and the cash receipts journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts receivable control account. Do not enter dollar signs or commas in the input boxes. Sales Journal Page 1 Date Account Invoice # Accounts Receivable / Sales (DR/CR) COGS/ Merchandise Inventory (CR/CR) Sep 11 Michelle's 459 $Answer $Answer Sep 17 Dress Me 460 $Answer $Answer Sep 30 Total $Answer $Answer Cash Receipts Journal Page 1 Date Account Cash (DR) Accounts Receivable (CR) Sales (CR) Notes Payable (CR) Other (CR) COGS/ Merchandise Inventory (DR/CR) Sep 6 Cash Sale $Answer $Answer $Answer $Answer $Answer $Answer Sep 7 US Bank $Answer $Answer $Answer $Answer $Answer $Answer Sep 21 Michelle's $Answer $Answer $Answer $Answer $Answer $Answer Sep 30 Interest Revenue $Answer $Answer $Answer $Answer $Answer $Answer Sep 30 Total $Answer $Answer $Answer $Answer $Answer $Answer Account: Accounts Receivable GL No. 110 Date Description DR CR Balance Sep 30 Adjustment for sales $Answer $Answer $Answer Answer Sep 30 Adjustment for cash receipts $Answer $Answer $Answer Answer Account: Michelle's Date DR CR Balance Sep 11 $Answer $Answer $Answer Answer Sep 21 $Answer $Answer $Answer Answer Account: Dress Me Date DR CR Balance Sep 17 $Answer $Answer $Answer Answer

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