Journalize the following transactions in the sales journal or general journal for

Moss Company. Record in the accounts receivable subsidiary ledger and post to

general ledger accounts as appropriate. Use the same journal headings that we

used for Art's Clothing Company. $($All sales carry credit terms of $2/10,$ n$/30.)$

$2021$

May $1$ Sold merchandise on account to Jane Company, invoice

No$.1,$$$600.$ The cost of the inventory was $$450.$

$4$ Sold merchandise on account to Ralph Company, invoice

No$.2,$ $$2,500.$ The cost of the inventory was $$1,875.$

$18$ Issued credit memo No$.1$ to Jane Company for $$200$ for defective

merchandise returned. The cost of the inventory was $$150.$