Exercise 7.9 Posting to the general ledger and the accounts receivable ledger. LO 7-4

Assume the following account balances at January 1, 2016:

Accounts Receivable (control account)$9,240Accounts ReceivableJohn Gibrone5,900Accounts ReceivableJim Garcia2,210Accounts ReceivableJune Lin1,130

GENERAL JOURNALPAGE 40DATEDESCRIPTIONPOST.

REF.DEBITCREDIT2016Jan.8Cash590.00Accounts Receivable/John Gibrone590.00Received partial payment onaccount from John Gibrone20Sales Returns and Allowances300.00Sales Tax Payable24.00Accounts Receivable/Jim Garcia324.00Accept return of defectivemerchandise, CreditMemorandum 121; original salemade on Sales Slip 11102 ofDecember 27, 2016

Post the entries in the general journal above to the accounts receivable account in the general ledger for Calderone Company.

Post the entries in the general journal above to the appropriate accounts in the accounts receivable ledger for Calderone Company.