At the end of May, the sales journal of Mountain View appears as follows. Assume beginning inventory balance for May to be $13,998.DateAccountDebitedInvoice NumberPRAccounts Receivable Dr.Sales Cr.Cost of Goods Sold Dr.Inventory Cr.May 6Aaron Reckers190 4,160 3,162 10Sara Reed191 3,220 2,657 17Anna Page192 1,433 843 25Sara Reed193 573 337 31Totals 9,386 6,999 Mountain View also recorded the return of defective merchandise with the following entry.DateGeneral JournalDebitCreditMay 20Sales Returns and Allowances425 Accounts Receivable—Anna Page 425 Customer returned (worthless) merchandise. 1. Post to the customer accounts the entries in the sales journal and any portion of the general journal entry that affects a customer's account. Post to the customer accounts the entries in the sales journal and any portion of the general journal entry that afcustomer's account.ACCOUNTS RECEIVABLE SUBSIDIARY LEDGERAnna PageDateDebitCreditBalanceSara ReedDateDebitCreditBalance Sara ReedDateDebitCreditBalanceAaron ReckersDateDebitCreditBalance

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Description: At the end of May, the sales journal of Mountain View appears as follows. Assume beginning inventory balance for May to be $13,998.DateAccountDebitedInvoice NumberPRAccounts Receivable Dr.Sales Cr.Cost of Goods Sold Dr.Inventory Cr.May 6Aaron Reckers

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Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 5E: The debits and credits from three related transactions are presented in the following customers...

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At the end of May, the sales journal of Mountain View appears as follows. Assume beginning inventory balance for May to be $13,998.

Date	Account Debited	Invoice Number	PR	Accounts Receivable Dr. Sales Cr.	Cost of Goods Sold Dr. Inventory Cr.
May 6	Aaron Reckers	190			4,160	3,162
10	Sara Reed	191			3,220	2,657
17	Anna Page	192			1,433	843
25	Sara Reed	193			573	337
31	Totals				9,386	6,999

Mountain View also recorded the return of defective merchandise with the following entry.

Date	General Journal	Debit	Credit
May 20	Sales Returns and Allowances	425
	Accounts Receivable—Anna Page		425
	Customer returned (worthless) merchandise.

1. Post to the customer accounts the entries in the sales journal and any portion of the general journal entry that affects a customer's account.

Post to the customer accounts the entries in the sales journal and any portion of the general journal entry that af
customer's account.
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Anna Page
Date
Debit
Credit
Balance
Sara Reed
Date
Debit
Credit
Balance

Sara Reed
Date
Debit
Credit
Balance
Aaron Reckers
Date
Debit
Credit
Balance

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