The customer's name and account number appear in the For this transaction, we enter Each sale entry is accompanied by an entry that Other Accounts/Account Title column to make sure the the accountitle, Note Payable, debits Cost of Goods Sold and creditoriventory payment received is posted to the subsidiary ledger in the Other Accounts/Account for the cost of the merchandise sold, since the Tite Column perpetual inventory system is being used Slopes borrowed 51,000 from Scotiabark, Cash is Panel A: Cash Receipts Journal debited, and Note Payable to Scotiabank is credited Cash Receipts Journal Page 5 in the Other Accounts column because it is an Other Accounts Aceh Post Cost of Gosch Sold Dr unusual transaction. 3920 Cach Discounts Receivable Accountitle Red Inventory 5.7 Slopes collected 5900 Date de tot 21.00 from Cadette Cabot. Referring back to SH Exhibit 7-6, we 25 that on November 2 20 991 Slopes sold merchandise ENTRE for $935 to Claudette Cabot The terms of sale allowed a $35 Totals are posted discount for prompt payment Individual accounts Individual amounts Totalis posted Total is at the end of receivable are are posted at the within the discount period at the end of the month posted daily end of the month not posted the month Panel B: Posting to Ledgers Accounts Receivable Subsidiary Ledger Claudette Cabot 115009 General Ledger No. 101 Date tem Ref Debit 6.14 Credit Balance No. 2 14 5.3 . 935 Accounts Receivable No. 115 Debit Brent Harnes 115115 Date and Mow. 4,319 4,19 1,235 Dahil 64 How. 13 22 . 300 Inventory No. 131 Debit Datelem 115249 3,805 Unt 30 s. 1,814 1.709 Debit Mor. 10 s.) 107 Note Payable to Bootiabank Jl. Dateliten No 222 Credit 115391 Clay Schmidt im 1,000 Balm Nov. 27 1,783 Sales Reve Jl. Dateiten Bell Debit 3.3 No 410 Credit Credit 3,112 Sales Discount No. 420 Debe Debit Credit 35 Interest Revenge Date ten Real Debit No. 460 Credit The pestingere should be cold with forcedes Other cerca de parter 762 No 511 Cost of Goods Sold ml Date en el No. 1,014 CRS 3,521 Acustomer care concerte counter because we are recorda chetidaryleder as well as the Accounts Receivable control account ** The opted by the Indians of the competed individ