The following transactions of Jack's Auto Supply occurred in January (Balances as of January 1 are given for general ledger and accounts receivable ledger accounts: Nonack, $1,400 Dr.; Seth, $50 Dr.; Corner, $200 Dr.; Accounts Receivable, $1,650 Dr.; Sales Tax Payable, $1,000 Cr. Be sure to enter these balances in your working papers before beginning.):
201X
January 1 Sold auto parts merchandise to R. Nonack on account, $700, invoice no. 70, plus 2% sales tax.
5 Sold auto parts merchandise to J. Seth on account, $600, invoice no. 71, plus 2% sales tax.
8 Sold auto parts merchandise to Lance Corner on account, $11,000, invoice no. 72, plus 2% sales tax.
10 Issued credit memorandum no. 12 to R. Nonack for $950 for defective auto parts merchandise returned from January 1 transaction. (Be careful to record the reduction in Sales Tax Payable as well.)
12 Sold auto parts merchandise to J. Seth on account, $600, invoice no. 73, plus 2% sales tax.
Required
1. Journalize the transactions.
2. Record to the accounts receivable subsidiary ledger and post to the general ledger as appropriate.
3. Prepare a schedule of accounts receivable for the end of January?