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Working backwards to reconstruct journals (60 min) P13-6C. Ronald Howard has been hired by Green Company to help reconstruct the sales journal, general journal,

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Working backwards to reconstruct journals (60 min) P13-6C. Ronald Howard has been hired by Green Company to help reconstruct the sales journal, general journal, and cash receipts journal, which were recently destroyed in a fire. The owner of Green has supplied him with the data shown below. Enter the entries into the reconstructed sales journal, general journal, and cash receipts journal. (Don't worry about dates, invoice numbers, etc.) What written recommendation should Ron make so that reconstruction will not be needed in the future? Accounts Receivable Subsidiary Ledger Cash 12,737 Shelving Equipment Balance 200 200 CRJ P. Bond M.Raff Balance SJ 100 150 CRJ Balance 200 150 Entitled to 2% discount SJ 100 J. Smooth R.Venner Balance 300 1,000 GJ Balance 200 400 CRI SJ 2,000 1,000 CRJ SJ 400 SJ 1,000 500 GJ Entitled to 1% discount Partial General Ledger Accounts Receivable Balance 800 1,000 SJ 3,650 500 1,550 338 CRU M. Rang, Capital 1,000 Balance 5,000 (Additional Sales Discounts investment this month) Sales 800 Balance 6,000 CRJd-5,000 CRJ 13 and 3,650 SJ 1,000 Sales Returns and Allowances Cost of Goods Sold GJ 33 GJ 1,000 750 GJ 500 375 GJ 33 Inventory Balance 7,500 33 750 375

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