Journalizing transaction into cash receipts journal

$(15$ min$)$

Journalizing, recording, and posting sales and cash receipts journal; schedule of accounts receivable

$1230(45$ min$)$

E$13-3$A$.$ From exercise E$13-2$A$,$ journalize the receipt of a cheque from Ronald Co$.$ for payment of invoice No$.147$ on May $25,2022,$ in the cash receipts journal.

E$13-4$A$.$ From the following transactions for Edna Co$.,$ when appropriate, journalize, record, post, and prepare a schedule of accounts receivable. Use the same journal headings $($all page $1)$ and chart of accounts that Art's Clothing Company used in the text $($use Edna Cares, Capital$).$ You will have to set up your own accounts receivable subsidiary ledger and partial general ledger as needed. All sales terms are $\frac{2}{10},\frac{n}{30}.$

$2023$

June $2$ Edna Cares invested $$5,000$ in the business.

$3$ Sold merchandise on account to Boston Co$,$ invoice No$.218,$ $$700,$ plus $13\%$ HST$.$ Cost of inventory, $$525.$

$3$ Sold merchandise on account to Gary Co$.,$ invoice No$.219,$ $$1,100,$ plus $13\%$ HST$.$ Cost of inventory, $$825.$

$6$ Cash sale, $$200,$ plus $13\%$ HST$.$ Cost of inventory, $$150.$

$9.$ Issued credit memorandum No$.24$ to Boston $Co,$ for defective merchandise, $$200,$ plus $13\%$ HST: Cost of inventory returned, $$150.$

Received cheque from Boston $C_0.$ for invoice ${}_0\mathrm{.}218$ less returns and discount.

$16$ Cash sale, $$400,$ plus $13\%$ HST$.$ Cost of inventory, $$300.$

$17$ Sold merchandise on account to Boston Co$.,$ invoice $\backslash$o$.220,$ $$600,$ plus $13\%$ HIST. Cost of inventory, $$150.$