Selected transactions follow for Discovery Sports Ltd. during the company's first month of business. The company expects a return rate of 8% and uses a perpetual inventory system. Feb. 2 4 5 00 10 Sold $1,140 of merchandise to Andrew Noren on account, terms n/30. The goods had cost Discovery $765. Andrew Noren returned for credit $90 of the merchandise purchased on February 2. The goods had cost Discovery $60 and they were returned to inventory Sold $760 of merchandise to Dong Corporation on account, terms n/30. The goods had cost Discovery $490. Sold $842 of merchandise to Michael Collins for cash. The goods had cost Discovery $622. Sold $920 of merchandise to Rafik Kurji account, terms n/30. The goods had cost Discovery $680. Dong Corporation paid its account in full. Andrew Noren purchased an additional $696 of merchandise on account, terms n/30. The goods had cost Discovery $410. Sold $1,738 of merchandise to Batstone Corporation terms n/30. The goods had cost Discovery $1,105, Andrew Noren paid $1,000 on account. 22 24 27 28 Set up Taccounts for the Accounts Receivable general ledger (control account and for the Accounts Receivable subsidiary ledger accounts. Post the journal entries to these accounts. (Post entries in the order of Joumal entries presented in the previous part) Accounts Receivable Subsidiary Ledger Andrew Noren Feb. Dong Corporation Dong Corporation Batstone Corporation Rafik Kurji Dong Corporation Batstone Corporation hs Rafik Kurji Accounts Receivable >