The following sales and cash receipts for Limited Inc. appear below in their Sales and Cash Receipts Journals.

Stem Company's accounts receivable general ledger control account is also shown below.

Requirement $1$: Post the appropriate entries to the customers' accounts receivable subsidary ledger cards.

Requirement $2$: After posting to the customers' accounts receivable subsidary ledgers, prepare a schedule of accounts receivable.

$($Remember the schedule of accounts receivable balance should agree to the A$/$R General Ledger at month end.$)$

Sales Journal

Accounts$/$Customers Debit $-$ A$/$R Debit $-$ COGS

Date Debited Credit $-$ Sales Credit $-$ Inventory

July $1$ Witten LLC $8,9505,820$

July $6$ Ryan Co $3,6412,366$

July $19$ Dak LP $14,8209,633$

July $28$ Seacrest Inc. $2,4751,610$

Totals $$29,886$ $$19,429$

Cash Receipts Journal

Accounts Cash Sales Discount A$/$R Sales

Date Credited $($Debit$)($Debit$)($Credit$)($Credit$)$

July $3$ Dak LP $3,8903,890$

July $8$ Seacrest Inc. $1,1311,131$

July $15$ Ryan Co $3,568733,641$

July $28$ Witten LLC $2,0002,000$

July $31$ Cash Sale to Seacrest, Inc. $4,7854,785$

Totals $15,3747310,6624,785$

Accounts Receivable General Ledger $($Control Account$)$

Date Description DEBIT CREDIT BALANCE

Mar. $1$ Beginning Balance $15,250$

Mar. $31$ Credit Sales $29,88645,136$

Mar. $31$ Cash Reciept $10,66234,474$

Accounts Receivable Subsidary Ledger

A$/$R $-$ Dak, LP

Date Description DEBIT CREDIT BALANCE

July $1$ Beginning Balance $3,890$

A$/$R $-$ Ryan Company

Date Description DEBIT CREDIT BALANCE

July $1$ Beginning Balance $7,265$

A$/$R $-$ Seacrest Inc.

Date Description DEBIT CREDIT BALANCE

July $1$ Beginning Balance $1,131$

A$/$R $-$ Witten LLC

Date Description DEBIT CREDIT BALANCE

July $1$ Beginning Balance $2,964$

Stem Company

Schedule of Accounts Receivable

July $31$

Dak LP

Ryan Company

Seacrest Inc.

Witten LLC

Total $$-$