{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T01:41:46-04:00", "answer_date": "2024-06-29 01:41:46", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4441527", "url": "\/study-help\/questions\/if-someone-can-help-me-i-would-really-appreciate-it-4441527", "question_creation_date_js": "2024-06-29T01:41:46-04:00", "question_creation_date": "Jun 29, 2024 01:41 AM", "meta_title": "[Solved] if someone can help me i would really app | SolutionInn", "meta_description": "Answer of - if someone can help me i would really appreciate it!! :) 2. Post the Sales Journal and any portion of the General Jour | SolutionInn", "meta_keywords": "help,appreciate,2,post,sales,journal,portion,general,entry,affects,accounts,ending", "question_title_h1": "if someone can help me i would really appreciate it!! :) 2. Post the Sales Journal and any portion of the General Journal entry that", "question_title": "if someone can help me i would really appreciate it!! :) 2.", "question_title_for_js_snippet": "if someone can help me i would really appreciate it ) 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 0 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, 2023 Total accounts receivable Accounts Receivable Controlling Account Total debit Balance as of May 31, 2023At the end of May 2023, the Sales Journal of Value Mart Goods appeared as follows Sales Journal Invoice A R Dr Cost of Goods Sold Dr Date Account Debited Number PR Sales Cr Merchandise Inventory Cr 2023 May 6 Brad Smithers 190 5,760 00 3, 200 00 10 Dan Holland 191 3, 880 00 2,200 00 17 Sanders Farrell 192 1, 700 00 1 , 600 06 25 Dan Holland 193 680 00 260 00 31 Totals 12, 020 00 6, 660 00 Value Mart had also recorded the return of merchandise with the following General Journal entry Date General Journal Debit Credit May 20 Sales Returns and Allowances 500 Accounts Receivable Sanders Farrell 500 Merchandise Inventory 260 Cost of Goods Sold 260 Customer returned merchandise 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 0 Bal 0 Brad Smithers Bal 0", "question_description": "

if someone can help me i would really appreciate it!! :)<\/p>

\"image\"image<\/div><\/div><\/div><\/figure> 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 0 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, 2023 Total accounts receivable Accounts Receivable Controlling Account Total debit Balance as of May 31, 2023At the end of May 2023, the Sales Journal of Value-Mart Goods appeared as follows: Sales Journal Invoice A\/R Dr . Cost of Goods Sold Dr. Date Account Debited Number PR Sales Cr. Merchandise Inventory Cr. 2023 May 6 Brad Smithers 190 5,760.00 3, 200.00 10 Dan Holland 191 3, 880.00 2,200.00 17 Sanders Farrell 192 1, 700.00 1 , 600.06 25 Dan Holland 193 680.00 260.00 31 Totals 12, 020.00 6, 660.00 Value-Mart had also recorded the return of merchandise with the following General Journal entry: Date General Journal Debit Credit May 20 Sales Returns and Allowances 500 Accounts Receivable-Sanders Farrell 500 Merchandise Inventory 260 Cost of Goods Sold 260 Customer returned merchandise 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. 0 Bal. 0 Brad Smithers Bal. 0", "transcribed_text": "", "related_book": { "title": "Cost Management Measuring Monitoring And Motivating Performance", "isbn": "1118168879, 9781118168875", "edition": "2nd Canadian Edition", "authors": "Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/635f99b5717e0_1157.jpg", "uri": "\/textbooks\/cost-management-measuring-monitoring-and-motivating-performance-2nd-canadian-edition-1157", "see_more_uri": "" }, "free_related_book": { "isbn": "3662492520", "uri": "\/textbooks\/failure-characteristics-analysis-and-fault-diagnosis-for-liquid-rocket-engines-1st-edition-9783662492529-9783662492543", "name": "Failure Characteristics Analysis And Fault Diagnosis For Liquid Rocket Engines", "edition": "1st Edition" }, "question_posted": "2024-06-29 01:41:46", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/in-a-close-harness-race-horse-2-passes-horse-1", "description": "In a close harness race, horse 2 passes horse 1 at point A, where the two velocities are v2 = 21 ft\/s and v1 = 20.4 ft\/s. 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The factory manager estimates the machine will produce...", "stars": 3 }, { "url": "\/study-help\/questions\/assume-that-an-mnc-has-the-following-ushaped-long-run-818160", "description": "Assume that an MNC has the following U-shaped long run average cost curve (AC), where Q stands for qua of ourpol AC B C AC1 AC2 F If this MNC is destroying value by undertaking negative NPV project,...", "stars": 3 }, { "url": "\/study-help\/questions\/the-most-recent-financial-statements-for-mandy-company-are-shown-818184", "description": "The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $ Sales Current assets 20,200 Costs 13,900 Fixed assets $ 11,960 Debt 31,950 Equity $ 16,480...", "stars": 3 }, { "url": "\/study-help\/questions\/the-ledger-of-sunland-company-contains-the-following-balances-owner-868674", "description": "The ledger of Sunland Company contains the following balances: Owner s Capital $ 2 8 , 9 0 0 , Owner s Drawings $ 2 , 1 0 0 , Service Revenue $ 5 1 , 0 0 0 , Salaries and Wages Expense $ 2 6 , 4 0...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/please-help-rootplans-to-purchase-a-truck-for-24000-and-4441526", "next": "\/study-help\/questions\/q31-montreal-manufacturing-inc-has-the-following-cost-and-production-4441528" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "if someone can help me i would really appreciate it!! :) 2.", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/if-someone-can-help-me-i-would-really-appreciate-it-4441527" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }1" } }