Exercise All-13 Posting to subledger accounts-perpetual LO4 At the end of May 2020, the Sales Journal of Value-Mart Goods appeared as follows: Sales Journal Invoice A/R Dr. Number PR Sales Cr. Account Debited Cost of Goods Sold Dr. Merchandise Inventory Cr. May Date 2020 6 10 17 25 Brad Smithers Dan Holland Sanders Farrell Dan Holland Totals 190 191 192 193 5,760.00 3,880.00 1,700.00 680.00 12,020.00 3,200.00 2,200.00 1,000.00 260.00 6,660.00 31 Value-Mart had also recorded the return of merchandise with the following General Journal entry: Date Debit 500 Credit May 20 500 General Journal Sales Returns and Allowances Accounts Receivable-Sanders Farrell Merchandise Inventory Cost of Goods Sold Customer returned merchandise 260 260 Required: 1. Post to the customer accounts the entries in the Sales Journal and any portion of the General Journal entry that affects a customer's account. Accounts Receivable Subledger Sanders Farrell Dan Holland Bal. Bal. 0 Brad Smithers Bal. 2. Post the Sales Journal and any portion of the General Journal entry that affects these accounts. Calculate the ending balance for each account. General Ledger Accounts Receivable Sales Bal. Bal. Sales Returns and Allowances Bal. 3. Prepare a schedule of the accounts in the Accounts Receivable Subledger and add their balances to show that the total equals the balance in the Accounts Receivable controlling account. VALUE-MART GOODS Schedule of Accounts Receivable May 31, 2020 Total accounts receivable $ 0 Accounts Receivable Controlling Account Total debit Balance as of May 31, 2020