Incredible Sounds is a wholesale business that sells musical instruments. Transactions involving sales and cash receipts for the firm during April 20x1 follow. The firm sells its merchandise for cash and on open account. During April, Incredible Sounds engaged in the following transactions DATE TRANSACTIONS 2ex April 1 Sold merchandise for $4,500 to Alto Music Center; issued Invoice 3912 with terns of 1/10, 1/30. 3 Received a check for $1,980 fron Music Supply Store in paynent of Invoice 2718 of March 25 ($2,000), less cash discount ($20) 5 Sold merchandise totaling $1,725 in cash to a new customer who has not yet established credit. 7 Merchandise of $80 sold on April 5 is returned for a cash refund. 8 sold merchandise for $6,500 to Music Warehouse; issued Invoice 3913 with terms of 2/10, 1/38. 10 Received payment from Alto Music Center in payment of Invoice 3912, less cash discount. 15 Accepted a return of damaged merchandise from Music Warehouse; issued Credit Menorandum 185 for $2,306. The original sale was made on Invoice 3913 on April 8. 17 Received paynent fron Music Warehouse for the sale of April 8, less the return on April 15; Music Warehouse deducted the appropriate cash discount fron its payment. 19 Received a check for $2,380 as payment in full fron Oldies Sounds for Invoice 3858 dated March 20. 20 Sold merchandise for $11,200 to Hawk Music Center; issued Invoice 3914 with terms of 2/10, 1/30. 25 Sold merchandise for $10,860 to Modern Sounds; issued Invoice 3915 with terms of 2/10, n/38. 26 Sold merchandise for $8.600 to Country Tunes: issued Invoice 3916 with terms of 2/10, 1/30. 27 Accepted a return of damaged merchandise from Modern Sounds: Issued Credit Menorandun 106 for $588. The original sale was made oh Invoice 3915 on April 25. 29 Received payment from Hawk Music Center for the sale of April 20, less cash discount. 30 Sold nerchandise for $3,200 to Oldies Sounds: issued Invoice 3917 with terms of 2/10, 1/30. Required: 2. Post the above transactions to the appropriate accounts in the general ledger and in the accounts receivable ledger. 3. Prepare a schedule of accounts receivable GENERAL LEDGER ACCOUNTS 101 Cash, 527,40 Dr. 111 Accounts Receivable, 34,300 Dr. 401 Sales 451 Sales Returns and Allowances 452 Sales Discounts TE BERETNINE