Business, 04.04.2020 08:31 linz6227

From the following transactions for Autumn Co., journalize, record, post, and prepare a schedule of accounts receivable when appropriate.

You will have to set up your own accounts receivable subsidiary ledger and partial general ledger as needed.

All sales terms are 3/10, n/30.

1. Andrew Rodgers invested $3, 200 in the business.

2. Sold merchandise on account to Clearview Co., invoice no. 1, $650.

3. Sold merchandise on account to Nathan Co., invoice no. 2, $950.

4. Cash sale, $200.

5. Issued credit memorandum no. 1 to Clearview Co. for defective merchandise. $250.

6. Received check from Clearview Co. for invoice no. 1, less returns and discount.

7. Cash sale, $400.

8. Sold merchandise on account to Clearview Co., invoice no. 3, $550.

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From the following transactions for Autumn Co., journalize, record, post, and prepare a schedule of...

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