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Please help with general ledger for accounts receivable and accounts receivable subsidiary ledger for Morrow, Rose, Jennings and Dent. Current Attempt in Progress Sheridan Companvs
Please help with general ledger for accounts receivable and accounts receivable subsidiary ledger for Morrow, Rose, Jennings and Dent.
Current Attempt in Progress Sheridan Companvs chart of accounts includes the following selected accounts. 101 112 120 301 Cash Accounts Receivable Inventory Owner's Capital 401 414 505 Sales Revenue Sales Discounts Cost of Goods Sold On April 1, the accounts receivable ledger of Sheridan Company showed the following balances: Morrow $1,550, Rose $1,230, Jenning Co. $2,880, and Dent $2,100. The Avril transyctions involving the receipt of cash were as follows. Date Date Date Jennings co. Date Date ble Explanation Expla n Explanation Explanation General Ref. Subsidiary Ledger Ref. Ref. Ref. Ref. Accounts Subsidiary Apr. 4 10 11 23 29 The owner, Sheridan, invested additional cash in the business $7,120. Received check for payment of account from Dent less 2% cash discount. Received payment in full for $880 from Jennings Co for invoice no, 307. Made cash of merchandise totaling $7,220. The cost of the merchandise sold was $4,332, Received payment in full for $595 from Morrow for invoice no. 309. Received cash refund from a supplier for damaged merchandise $745. Received payment in full for $1,180 from Jennings Co. for invoice no. 310, Received check for payment of account from Rose (no cash discount allowed). Credit Credit Balance Balance
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