Take me to the text Stocked Warehouse sells clothing to retailers. During the month of May 2019, the following transactions occurred. Assume zero opening balances for the subledger and general ledger accounts. Assume no entries were made directly to the accounts receivable general ledger from the general journal. May 4 Sold inventory to Fashion House (Invoice #688) for $6,900 cash. The inventory had a cost of $2,957. May 7 Received a loan from the Victoria Bank for $8,000. May 13 Sold inventory to Harmony Outlet (Invoice #689) on account for $9,400. The inventory had a cost of $3,760. May 16 Sold inventory to Cover Me (Invoice #690) for $9,000 on account. The inventory had a cost of $3,720. May 23 Received full payment from Harmony Outlet for the sale on May 13. May 31 Received $78 of interest earned on a savings account. Required a) Record the above transactions in the sales journal and the cash receipts journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts receivable control account Do not enter dollar signs or commas in the input boxes. Sales Journal Page 1 Date Account Invoice # Accounts Receivable / Sales (DR/CR) COGS/Merchandise Inventory (DR/CR) May 13 Harmony Outlet 689 $ May 16 Cover Me 690 $ $ May 31 Total $ Cash Receipts Journal Accounts Receivable (CR) Sales (CR) Date Account Page COGS/Merchandise Inventory (DR/CR) Cash (DR) Bank Loan (CR) Other (CR) May 4 Cash Sale $ $ $ $ IS May 7 Victoria Bank $ $ $ $ IS $ May 23 Harmony Outlets $ $ $ s $ May 31 Interest Revenue $ $ $ $ $ $ May 31 Total $ s s $ Account: Accounts Receivable Date Description GL No. 110 Balance DR CR May 31 Adjustment for sales $ $ s May 31 Adjustment for cash receipts $ Account: Harmony Outlet Date DR CR Balance May 13 5 $ May 23 $ $ Account: Cover Me Date DR CR Balance May 16 $ Check