Schedule of Accounts Receivable From the accounts receivable ledger shown, prepare a schedule of accounts receivable for Pheng Co. as of August 31, 20-. ACCOUNTS RECEIVABLE LEDGER NAME B & G Distributors ADDRESS 2628 Burlington Avenue, Chicago, IL 60604-1329 DATE ITEM POST, REF. DEBIT CREDIT BALANCE 20-- Aug. 3 J1 1,362 1,362 J1 137 1,225 NAME M. Chang 1422 SW Pacific, Chicago, IL 60603-8596 ADDRESS CREDIT BALANCE POST. REF. DEBIT DATE ITEM 20-- 2,189 2,189 J1 Aug. 5 2,189 32 11 B. J. Hinschliff & Co. NAME 133 College Blvd., Des Plaines, IL 60611-4431 ADDRESS BALANCE CREDIT DEBIT POST. REF. ITEM DATE 20-- 1,143 1,143 J2 Aug. 15 1,497 354 J3 21 NAME Sally M. Pitts 213 East 29th Place, Chicago, IL 60601-6287 ADDRESS DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20- Aug. 21 J3 V 876 876 NAME Trendsetters, Inc. ADDRESS 29 Industrial Way, Chicago, IL 60600-5918 DATE ITEM POST.REF. DEBIT CREDIT BALANCE 20-- Aug. 28 J4 V 991 991 Pheng Co. Schedule of Accounts Receivable August 31, 20- Total Clairton Corp., a retail business, had the following beginning balances and purchases and payments activity in its accounts payable ledger during Octo Accounts Payable Ledger Name Balance Oct. 1, 20- Purchases Payments Epperton Manufacturing $4,350 $3,060 $2,060 Favorite Fashions 4,910 1,970 2,600 Vintage Memories 2,975 5,240 2,625 for Clairton Corp. as of October 31, 20-- Prepare a schedule of accounts payable Clairton Corp. Schedule of Accounts Payable October 31, 20-- Previous Sabrit A e 1 more Check My Work uses remaining Save and Exr Chec ournalizing Purchases Returns and Allowances and Posting to General Ledger and Accounts Payable Ledger Transactions for July and the beginning balances for select general ledger and accounts payable ledger accounts are as follows July 7 Returned merchandise to Starcraft Industries, $750. 15 Returned merchandise to XYZ, Inc., $300. 27 Returned merchandise to Datamagic, $950. General Ledger Account No. Account. Balance July 1, 20-- 202 Accounts Payable $10,770 501.1 Purchases Returns and Allowances Accounts Payable Ledger Balance July 1, 20-G Name Datamagic $2,680 Starcraft Industries 4,400 XYZ, Inc. 3,690 1. Using page 3 of a general journal and the general ledger accounts and accounts payable ledger accounts, journalize and post the transactions above. Do not enter the posting references until you complete part 2. Using page 3 of a general journal and the general ledger accounts and accounts payable ledger accounts, journalize and post the transactions above. Do not enter the posting references until you complete part 2. GENERAL JOURNAL PAGE 3 DATE DESCRIPTION POST, REF. DEBIT CREDIT 20- Jul. 7 Jul. 15 Jul, 27 2. The beginning general ledger and accounts payable ledger account balances from above have been provided; now post from the jounal to the general ledger and accounts payable ledger acc an amount box does not require an entry, leave it blank. After posting to the general ledger, go to part 1 and complete the posting. Post the transactions in chronological order. GENERAL LEDGER ACCOUNT Accounts Payable ACCOUNT NO. 202 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT 20- Jul. 1 Balance 10,770 J3 3 ACCOUNT Purchases Returns and Allowances ACCOUNT NO. 501.1 E DATE ITEM DEBIT POST. REF. CREDIT DEBIT CREDIT 20- 13 13 J3 ACCOUNTS PAYABLE LEDGER NAME Datamagic ADDRESS DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- Jul. 1 V Balance 2,680 J3 Starcraft Industries NAME ADDRESS BALANCE POST. REF. DEBIT CREDIT DATE ITEM 20-- 4,400 V Balance Jul. 1 J3 NAME XYZ, Inc. ADDRESS POST. REF CREDIT DATE DEBIT ITEM BALANCE 20- Jul. 1 Balance 3,690 J3 Computing Gross Profit The following data were taken from the accounts of Fluter Hardware, a small retail business. $120,100 Sales 960 Sales returns and allowances 680 Sales discounts 36,000 Merchandise inventory, January 1 76,700 Purchases during the period 3,980 Purchases returns and allowances during the period Purchases discounts taken during the period 2,380 1,270 Freight-in on merchandise purchased during the period 31,700 Merchandise inventory, December 31 Determine the gross profit. Journalizing Sales, Sales Returns and Allowances, and Cash Receipts Aug. 4 Sold merchandise on account to S. Miller for $290 plus sales tax of 4% , with 2/10, n/30 cash discount terms. 6 Sold merchandise on account to K. Krtek for $170 plus sales tax of 4%. 10 S. Miller returned merchandise purchased on August 4 for $30 plus sales tax for credit. 13 S. Miller paid the balance due on her account. 15 K. Krtek returned merchandise purchased on August 6 for $50 plus sales tax for credit. 20 K. Krtek paid the balance due on his account. 1. Prepare journal entries for the following transactions. If required, round your answers to two decimal places. If an amount box does not require an entry, leave it blank. Page: 1 DOC. POST NO. REF CREDIT DEBIT ACCOUNT TITLE DATE 1 20-Aug. 4 4 4 5 ug. 6 6 7 9 Aug. 10 13 Aug. 13 16 17 Aug. 15 21 Aug. 20 22 23