East 51 sells clothing to retailers. During the month of December 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. Dec 2 Sold inventory to Fashion House (Invoice #481) for $6,500 cash. The inventory had a cost of $2,786. Dec 7 Received a loan from the Victoria Bank for $8,000. Dec 14 Sold inventory to Michelle's Invoice #482) on account for $8,600. The inventory had a cost of $3,440. Dec 18 Sold inventory to Dress Me (Invoice #483) for $9,100 on account. The inventory had a cost of $3,761. Dec 24 Received full payment from Michelle's for the sale on December 14. Dec 31 Received $32 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 Date Account Invoice # Accounts Receivable / Sales (DR/CR) COGS/Merchandise Inventory (DR/CR) Page 1 Dec 14 Michelle's 482 Dec 18 Dress Me 483 $ $ Dec 31 Total Date Account Cash Receipts Journal Accounts Receivable Sales (CR) (CR) Cash (DR) Bank Loan (CR) Other (CR) Page COGS/Merchandise Inventory (DR/CR) e here to search REDMI NOTE 8 CO AI QUAD CAMERA Date Account Cash (DR) Cash Receipts Journal Accounts Receivable Sales (CR) (CR) $ $ Page COGS/Merchandise Inventory (DR/CR) Bank Loan (CR) Other (CR) $ $ $ Dec 2 Cash Sale $ $ $ $ $ Dec 7 Victoria Bank $ Dec $ $ $ $ Michelle's $ 24 $ $ $ Dec 31 $ Interest Revenue $ $ $ $ $ Dec 31 $ Total $ $ $ Account: Accounts Receivable Date Description DR GL No. 110 Balance CR Dec 31 Adjustment for sales $ 5 5 Dec 31 Adjustment for cash receipts $ $ . Account: Michelle's Date DR CR Balance Dec 14 $ $ here to search O REDMI NOTE 8 CO AI QUAD CAMERA Account: Michelle's Date DR CR Balance Dec 14 $ Dec 24 $ $ $ $ Account: Dress Me Date DR CR Balance Dec 18$ $ $ >