9.7X Enter the following items in the necessary personal accounts; do not write up the other accounts. Balance each personal account at the end of the month. 2017 Sales on credit to L. Sterling $445, L. Lindo $480, R. Spencer $221. Aug 1 Goods returned to us by L. Sterling $15, R. Spencer $33. Aug 4 Sales on credit to L. Lindo $66, R. Spencer $129, L. Banks $465. Aug 8 Aug 9 We received a cheque for $430 from L. Sterling. Aug 12 Sales on credit to R. Spencer $235, L. Banks $777. Goods returned to us by L. Banks $21, R. Spencer $25. Aug 19 We received cheques as follows: R. Spencer $300, L. Lindo $414. Aug 22 Sales on credit to L. Lindo $887, L. Banks $442, Aug 31

9.7X Enter the following items in the necessary personal accounts; do not write up the other accounts. Balance each personal account at the end of the month. 2017 Sales on credit to L. Sterling $445, L. Lindo $480, R. Spencer $221. Aug 1 Goods returned to us by L. Sterling $15, R. Spencer $33. Aug 4 Sales on credit to L. Lindo $66, R. Spencer $129, L. Banks $465. Aug 8 Aug 9 We received a cheque for $430 from L. Sterling. Aug 12 Sales on credit to R. Spencer $235, L. Banks $777. Goods returned to us by L. Banks $21, R. Spencer $25. Aug 19 We received cheques as follows: R. Spencer $300, L. Lindo $414. Aug 22 Sales on credit to L. Lindo $887, L. Banks $442, Aug 31

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 5PB: Lavender Company started its business on April 1, 2019. The following are the transactions that...

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