Chapter 9, Problem 8E

Toby Company had the following sales transactions for March:

Mar. 6    Sold merchandise on account to Osbourne, Inc., invoice no. 1128, $563.17.

14    Sold merchandise on account to Ortiz Company, invoice no. 1129, $823.50.

20    Sold merchandise on account to Bailey Corporation, invoice no. 1130, $2,350.98.

24    Sold merchandise on account to Shannon Corporation, invoice no. 1131, $1,547.07.

Assume that Toby Company had beginning balances on March 1 of $3,569.80 (Sales 411) and $2,450.39 (Accounts Receivable 113). Record the sales of merchandise on account in the sales journal (page 24) and then post to the general ledger.