Selected transactions follow for Ceradyne Sports Ltd. during the companys first month of business. The company expects a return rate of 8% and uses a perpetual inventory system.

Feb.	2		Sold $1,139 of merchandise to Andrew Noren on account, terms n/30. The goods had cost Ceradyne $768.
	4		Andrew Noren returned for credit $141 of the merchandise purchased on February 2. The goods had cost Ceradyne $86 and they were returned to inventory.
	5		Sold $753 of merchandise to Dong Corporation on account, terms n/30. The goods had cost Ceradyne $486.
	8		Sold $841 of merchandise to Michael Collins for cash. The goods had cost Ceradyne $625.
	10		Sold $925 of merchandise to Rafik Kurji account, terms n/30. The goods had cost Ceradyne $680.
	22		Dong Corporation paid its account in full.
	24		Andrew Noren purchased an additional $692 of merchandise on account, terms n/30. The goods had cost Ceradyne $411.
	27		Sold $1,725 of merchandise to Batstone Corporation, terms n/30. The goods had cost Ceradyne $1,098.
	28		Andrew Noren paid $998 on account.

Set up T accounts for the Accounts Receivable general ledger (control) account and for the Accounts Receivable subsidiary ledger accounts. Post the journal entries to these accounts

Accounts Receivable Subsidiary Ledger Andrew Noren V V Dong Corporation Batstone Corporation Rafik Kurji V General Ledger Control Account Accounts Receivable Date Account Titles and Explanation Debit Cred Feb. 2 V Account Receivable 1139 Sales No Entry 0 (To record sales Cost of Goods Sold 768 Inventory To record cost of goods sold) Feb. 4 V Sales Returns and Allowers 141 Accounts Receivable (To record sales returns Inventory Coat of Goods Sold To record cost of goods returned Febs V Accounts Receivable 753 Sales (To record sales Cost of Good Sold 486 Try To record cost of goods sold) Feb. 8 V 841 Sales (To record sales Coat of Goods Sold 625 Inventory (To record cost of goods sold) Feb. 10 V Account Real 925 Sales To record sales) Cost of Gooda Sold 680 Inventory To record cost of goods sold) Feb. 22 V Accounts Receivable Fab 24 V Account Receivable 692 Sales Accounts Receivable Subsidiary Ledger Andrew Noren V V Dong Corporation Batstone Corporation Rafik Kurji V General Ledger Control Account Accounts Receivable Date Account Titles and Explanation Debit Cred Feb. 2 V Account Receivable 1139 Sales No Entry 0 (To record sales Cost of Goods Sold 768 Inventory To record cost of goods sold) Feb. 4 V Sales Returns and Allowers 141 Accounts Receivable (To record sales returns Inventory Coat of Goods Sold To record cost of goods returned Febs V Accounts Receivable 753 Sales (To record sales Cost of Good Sold 486 Try To record cost of goods sold) Feb. 8 V 841 Sales (To record sales Coat of Goods Sold 625 Inventory (To record cost of goods sold) Feb. 10 V Account Real 925 Sales To record sales) Cost of Gooda Sold 680 Inventory To record cost of goods sold) Feb. 22 V Accounts Receivable Fab 24 V Account Receivable 692 Sales