Precision Electronics began operations September 1, 20X1. The firm sells its merchandise for cash and on open account. Sales are subject to a 7 percent sales tax. The terms for all sales on credit are net 30. During September, Precision Electronics engaged in the following transactions: DATE TRANSACTIONS 20X1 Sept. 1 Sold a high-definition television set on credit to Cindy Chin; issued Sales Slip 101 for $1,200 plus sales tax of $84. 3 Sold stereo equipment on credit to Bob Perez; issued Sales Slip 102 for $1,400 plus sales tax of $98. 7 Sold a microwave oven on credit to Bobbi Huber; issued Sales Slip 103 for $250 plus sales tax of $17.50. 12 Accepted return of defective stereo equipment from Bob Perez; issued Credit Memorandum 101 for $100 plus sales tax of $7. The stereo equipment was sold on September 3. 15 Recorded cash sales for the period from September 1 to September 15 of $9,400 plus sales tax of $658. 16 Sold a gas dryer on credit to Katie Kilgore; issued Sales Slip 104 for $600 plus sales tax of $42. 17 Sold a home entertainment system on credit to James Washington; issued Sales Slip 105 for $1,300 plus sales tax of $91. 18 Received $784 from Cindy Chin on account. 20 Received payment in full from Bob Perez for the sale of September 3, less the return of September 12. 25 Gave James Washington an allowance because of scratches on his home entertainment system sold on September 17, Sales Slip 105; issued Credit Memorandum 102 for $100 plus sales tax of $7. 27 Received payment in full from Bobbi Huber for the sale of September 7. 29 Sold a dishwasher on credit to James Washington; issued Sales Slip 106 for $800 plus sales tax of $56. 30 Recorded cash sales for the period from September 16 to September 30 of $12,100 plus sales tax of $847. GENERAL LEDGER ACCOUNTS 101 Cash 401 Sales 111 Accounts Receivable 421 Sales Returns and Allowances 221 Sales Tax Payable ACCOUNTS RECEIVABLE LEDGER ACCOUNTS Cindy Chin Katie Kilgore James Washington Bobbi Huber Bob Perez Required: Post the entries from the general journal into the appropriate accounts in the general ledger and in the accounts receivable ledger. Prepare a schedule of accounts receivable. Analyze: What is the amount of sales tax owed at September 30, 20X1? Complete this question by entering your answers in the tabs below. General LedgersSchedule of ARAnalyze Post the entries from the general journal into the appropriate accounts in the general ledger and in the accounts receivable ledger. (Round your answers to 2 decimal places.) GENERAL LEDGER Cash Account No. 101 Accounts Receivable Account No. 111 Date Debit Credit Balance Date Debit Credit Balance Sept. 15, 20X1 Sept. 01, 20X1 Sept. 20, 20X1 Sept. 03, 20X1 Sept. 18, 20X1 Sept. 07, 20X1 Sept. 27, 20X1 Sept. 12, 20X1 Sept. 30, 20X1 Sept. 16, 20X1 Sept. 17, 20X1 Sept. 18, 20X1 Sept. 20, 20X1 Sept. 25, 20X1 Sept. 27, 20X1 Sept. 29, 20X1 Sales Tax Payable Account No. 221 Sales Account No. 401 Date Debit Credit Balance Date Debit Credit Balance Sept. 01, 20X1 Sept. 01, 20X1 Sept. 03, 20X1 Sept. 03, 20X1 Sept. 07, 20X1 Sept. 07, 20X1 Sept. 12, 20X1 Sept. 15, 20X1 Sept. 15, 20X1 Sept. 16, 20X1 Sept. 16, 20X1 Sept. 17, 20X1 Sept. 17, 20X1 Sept. 29, 20X1 Sept. 25, 20X1 Sept. 30, 20X1 Sept. 29, 20X1 Sept. 30, 20X1 Sales Returns and Allowances Account No. 421 Date Debit Credit Balance ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Cindy Chin Bobbi Huber Date Debit Credit Balance Date Debit Credit Balance James Washington Bob Perez Date Debit Credit Balance Date Debit Credit Balance Sept. 29, 20X1 Katie Kilgore Date Debit Credit Balance