Exceptional Electronics began operations September 1, 2019. The firm sells its merchandise for cash and on open account Sales are subject to a 7 percent sales tax. During September, Exceptional Electronics engaged in the following transactions. DATE TRANSACTIONS 2019 Sept on credit to Candy Cho; Sold a high-definition television set issued Sales Slip 101 for $2,400 plus sales tax of $168. Sold stereo equipment on credit to Jim Peterson; issued Sales Slip 102 for $900 plus sales tax of $63. Sold a 1 3 microwave 7 to Bridgette Huffman; issued oven on credit Sales Slip 103 for $200 plus sales tax of $14. Accepted return of defective stereo equipment from Jim Peterson; issued Credit Memorandum 101 for $200 plus sales tax of $14. The stereo equipment was sold on September 3. Recorded cash sales for the period from September 1 to September 15 of $10,800 plus sales tax of $756 15 gas dryer on credit to Kathy Sundstrand; issued Sales 16 Sold a Slip 104 for $500 plus sales tax of $35. entertainment system on credit to Mark Navalta; 17 Sold home a. issued Sales Slip 105 for $2,400 plus sales tax of $168 Received $700 from Candy Cho on account. Received payment in full from Jim September 3, less the return of September 12 Gave Mark Navalta an allowance because of scratches on his home 18 20 for he sale of Peterson 25 entertainment system sold issued Credit Memorandum 102 for $200 plus sales tax of $14 Received payment in fuli from Bridgette Huffman for the sale of September 7 Sold a dishwasher on credit to Mark Navalta; issued Sales Slip 106 for $600 plus sales tax of $42. Recorded cash sales for the period from September 16 to September 30 of $11,100 plus sales tax of $777. on September 17, Sales Slip 105; 27 29 30 GENERAL LEDGER ACCOUNTS 101 401 Sales Cash 111 Accounts Receivable 421 Sales Returns and Allowances 221 Sales Tax Payable ACCOUNTS RECEIVABLE LEDGER ACCOUNTS Candy Cho Bridgette Huffman Jim Peterson Kathy Sundstrand Mark Navalta 12 Required: 2. Post the entries from the general journal into the appropriate accounts in the general ledger and in the accounts receivable ledger. 3. Prepare a schedule of accounts receivable. Analyze: What is the amount of sales tax owed at September 30, 2019? Complete this question by entering your answers in the tabs below. General Schedule of Analyze Ledgers AR Post the entries from the general journal into the appropriate accounts in the general ledger and in the accounts receivable lec GENERAL LEDGER Cash Account No. 101 Accounts Receivable Account No. 111 Credit Date Debit Balance Date Debit Credit Balance Sales Tax Payable Account No. 221 Sales Account No. 401 Debit Balance Date Debit Credit Balance Date Credit Sales Returns and Allowances Account No.421 Credit Date Debit Balance ACCOUNTS RECEIVABLESUBSIDIARY LEDGER Candy Cho Bridgette Huffman Credit Date Debit Balance Date Debit Credit Balance Mark Navalta Jim Peterson Debit Credit Date Debit Credit Balance Date Balance Kathy Sundstrand Date Debit Credit Balance Schedule of AR Analyze: What is the amount of sales tax owed at September 30, 2019? Complete this question by entering your answers in the tabs below. Schedule of General Analyze Ledgers AR Prepare a schedule of accounts receivable. EXCEPTIONAL ELECTRONICS Schedule of Accounts Receivable September 30, 2019 Candy Cho Bridgette Huffman Mark Navalta Jim Peterson Kathy Sundstrand Total General Ledgers Analyze Complete this question by entering your answers in the tabs below. General Schedule of Analyze Ledgers AR What is the amount of sales tax owed at September 30, 2019? ......................... .. .... ... .. ... ........... ....... Sales tax owed Schedule of AR Analyze