Reference no: EM132770554
Mr. sicilian opened GETINMY BELLY.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: prepare a schedule of account receivable.