Solution-How do record to the account receivable subsidiary

How do record to the account receivable subsidiary ledger

Assignment Help Cost Accounting

Reference no: EM132771859

Mr.sicilian opened GETINMYBELLY.COM a wholesale grocery and pizza company .since Mr.sicilian only sells to retailers, he does not have charge sales tax to her customers. Mr.sicilian uses a sales journal for sales on account the following transactions occurred in april :

201x

apr 1 - sold grocery merchandise to dabney CO. on account, $900, invoice no. 1 .

apr 4 - sold pizza merchandise to sally drought CO. on account, $1,300, invoice no .2.

apr 8 - sold grocery merchandise to luxury CO. on account $ 1,500, invoice no. 3.

apr 10 - Issued credit memorandum no. 1 to dabney CO. for $ 100 for grocery merchandise returned due spoilage.

apr 15 - sold pizza merchandise to sally drought CO. .on account, $220, invoice no. 4 .

apr 19 -sold pizza merchandise to luxury CO. .on account, $700, invoice no. 5 .

apr 25 -sold pizza merchandise to dabney CO. .on account, $800, invoice no. 6 .

Required:

Problem 1: Journalize the transactions in the appropriate journals.

Problem 2: record to the account receivable subsidiary ledger and post to the general ledger as appropriate

Problem 3: pepare a schedule of account receivable.

Reference no: EM132771859

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How do record to the account receivable subsidiary ledger

Reference no: EM132771859

Reference no: EM132771859

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