Pharoah Company uses both special journals and a general journal as described in this chapter. On June $30,$ after all monthly postings had been completed, the Accounts Receivable control account in the general ledger had a debit balance of $$298,000$; the Accounts Payable control account had a credit balance of $$87,300.$

The July transactions recorded in the special journals are summarized below. No entries affecting accounts receivable and accounts payable were recorded in the general journal for July.

$\backslash$table$[[$Sales journal,Total sales,$$157,100$