Sports Junction began operations March 1, 20X1. The firm sells its merchandise for cash; on open account; to customers using bank credit cards, such as MasterCard and Visa; and to customers using American Express. Merchandise sales are subject to an 8 percent sales tax. The bank credit cards charge a 3 percent fee. American Express charges a 4 percent fee. During March, Sports Junction engaged in the following transactions:

DATE		TRANSACTIONS
20X1
March	1	Sold merchandise on credit to Mitch Edwards; issued Sales Slip 101 for $840 plus sales tax of $67.20.
	3	Sold merchandise on credit to Miriam Abboud; issued Sales Slip 102 for $395 plus sales tax of $31.60.
	8	Accepted a return of merchandise from Mitch Edwards; the merchandise was originally sold on Sales Slip 101 of March 1; issued Credit Memorandum 1 for $175, which included sales tax of $12.96.
	10	Received payment from Mitch Edwards in payment of his balance owed for merchandise sold on March 1, less the return of merchandise on March 8.
	12	Sold merchandise on credit to Ann Ho; issued Sales Slip 103 for $565 plus sales tax of $45.20.
	15	Recorded cash sales for the period from March 1 to March 15 of $5,200 plus sales tax of $416.00.
	15	Recorded sales for the period from March 1 to March 15 to customers using bank credit cards of $7,200 plus sales tax of $576.00. (Record the 3 percent credit card expense at this time.)
	25	Sold merchandise on credit to Frank Canzetti; issued Sales Slip 104 for $420 plus sales tax of $33.60.
	26	Sold merchandise to customers using American Express for $3,320 plus sales tax of $265.60.
	28	Received a check from Ann Ho of $187 to apply toward her account.
	31	Recorded cash sales for the period from March 16 to March 31 of $5,700 plus sales tax of $456.00.
	31	Received payment from American Express for the amount billed on March 26, less a 4 percent fee.
	31	Recorded sales for the period from March 16 to March 31 to customers using bank credit cards of $6,450 plus sales tax of $516.00. (Record the 3 percent credit card expense at this time.)

Required:

Record the transactions in a general journal.

Post the entries from the general journal to the appropriate account in the general ledger and in the accounts receivable ledger.

Prepare a schedule of accounts receivable.

GENERAL LEDGER ACCOUNTS

111	Accounts Receivable

ACCOUNTS RECEIVABLE LEDGER ACCOUNTS
	Miriam Abboud		Mitch Edwards
	American Express		Ann Ho
	Frank Canzetti

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER Complete this question by entering your answers in the tabs below. Prepare a schedule of accounts receivable. Record the transactions in a general journal. (Round your answers to 2 decimal places.) Journal entry worksheet Sold merchandise on credit to Mitch Edwards; issued Sales Slip 101 for $840 plus sales tax of $67.20