Pager 1 following transactions in a cash rece pts journal. Use a 5% sales tax rate. Out Total and rule the joumal. 3. Ent r Jim White made a $600 payment on account 8 Cash sales for the week, 53,000, plus sales tas 10 Kristin Ledwin made a 5600 payment on aceount 15 Melissa Perez made a $3,570 payment on account 17 Cash sales for the week, $2,600, plus sales tax 25 Sue Lee paid $860 on account CASH RECEIPTS JOURNAL AccountPost General R Receivable Sales PayableCash Ray Polo owns a variety store called Stars Forever. The following are purchases of inventory for the month of March. 4. Mar. 2 Purchased $2,000 of merchandise from Sundance Furniture on account, Invoice 2177, with a 1% trade discount. Credit terms 2/10, t/30. Purchased $2,400 of merchandise from Fuentes Co. on account, Invoice 2178 Credit terms 1/15, n/30. 8 13 Purchased $3,700 of merchandise (included $150 freight) from Sky Divers Inc. 16 Purchased $210 of office supplies from Willow Inc. on account, Invoice 2180. 27 Purchased $1,745 of merchandise from Sundance Furniture on account, Invoice on account, Invoice 2179. Credit terms 1/10, n/30, FOB shipping point. Credit terms 2/10, n/30. 2181. Credit terms 2/10, n/30 Required: 1. Journalize the above transactions. 2. Post to the proper general ledger and accounts payable ledger accounts. Remember to use posting references Prepare a schedule of accounts payable. 3