Problem 7-01A a-c (Video) Blossom Company's chart of accounts includes the following selected accounts. 101 Cash 401 Sales Revenue 112 Accounts Receivable 414 Sales Discounts 120 Inventory 505 Cost of Goods Sold 301 Owner's Capital On April 1, the accounts receivable ledger of Blossom Company showed the following balances: Morrow $1,600. Rose $1,210, Jennings Co. $2,910, and Dent $2,150. The April transactions involving the receipt of cash were as follows Apr 1 The owner, T. Blossom, invested additional cash in the business $7.260 4 Received check for payment of account from Dentless 2 cash discount 5 Received check for $900 in payment of invoice no. 307 from Jennings Co. 8 Made cash sales of merchandise totaling $7,285. The cost of the merchandise sold was $4,371,00 10 Received check for $635 in payment of invoice no. 309 from Morrow. 11 Received cash refund from a supplier for damaged merchandise $690. 23 Received check for $1.145 in payment of invoice no. 310 from Jennings Co. 29 Received check for payment of account from Rose (no cash discount allowed) Journalize the transactions above in a six-column cash receipts journal and cross-foot the journal (Record entries in the order displayed in the problem statement. Round answers to o decimal places, e.g. 5,275.) Cash Receipts Journal CRI Cost of Goods Sold Dr Inventory Or. Date Account Credited Rel. Cash Dr. Sales Discounts Dr. Accounts Receivabler Sales Revenge C. Other Accounts r. 301 Insert the beginning balances in the Accounts Receivable control and subsidiary accounts, and post the April transactions to these accounts. (Post entries in the order of entries presented in the previous part.) General Ledger Accounts Receivable Date Explanation Ref Debit No. 112 Credit Balance Balance ORI Accounts Receivable Subsidiary Ledger Morrow Date Explanation Rel Debit Crexit Baland Balance Date Balance Explanation Ref. Debit Credit Balance CRI Jennings Co. Date Explanation Ref. Debit Credit Balance Balance v Dute x planation Rel. Debit Credit Balance lance CRI CRI Dent Date Explanation Ref. Debit Credit Balance Balance CRI LINK TO TEXT LINK TO TEXT Prove the agreement of the control account and subsidiary account balances. (Do not list those accounts that have zero ending balance.) Accounts receivable balance: Subsidiary account balances: Total