Highway Interchange sells clothing to retailers. During the month of June 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.

Jun 3	Sold merchandise to Guest Company for $7,100 cash. The inventory had a cost of $4,260. The invoice number was #367
Jun 10	Received a loan from the Georgia Bank for $9,000.
Jun 14	Sold merchandise to Stella Lanes on account for $8,600. The inventory had a cost of $6,020. The invoice number was #368.
Jun 18	Sold merchandise to Wear Me for $7,300 on account. The inventory had a cost of $4,745. The invoice number was #369.
Jun 23	Received full payment from Stella Lanes for the sale on June 14.
Jun 30	Received $57 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)
Jun 14	Stella Lanes	368	$Answer	$Answer
Jun 18	Wear Me	369	$Answer	$Answer
Jun 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)
Jun 3	Cash Sale	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Jun 10	Georgia Bank	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Jun 23	Stella Lanes	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Jun 30	Interest Revenue	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Jun 30	Total	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer

Account: Accounts Receivable					GL No. 110
Date	Description	DR	CR	Balance
Jun 30	Adjustment for sales	$Answer	$Answer	$Answer	AnswerDRCR
Jun 30	Adjustment for cash receipts	$Answer	$Answer	$Answer	AnswerDRCR

Account: Stella Lanes
Date	DR	CR	Balance
Jun 14	$Answer	$Answer	$Answer	AnswerDRCR
Jun 23	$Answer	$Answer	$Answer	AnswerDRCR

Account: Wear Me
Date	DR	CR	Balance
Jun 18	$Answer	$Answer	$Answer	AnswerDRCR