At the end of the of May, the sales journal of Horizons appears as follow:DateCustomers (debtors)Invoice No.Amount May 6101725SmithHarrisBuckHarris 3,8802,9401,8501,34031Total 10,010 Horizon also record the returns of some merchandise with the following Sales Return Journal:DateCustomers (debtors)Invoice No.Amount May 9May 20SmithHarris 400350 31Total 750 Required:A. Prepare an Account Receivable subsidiary ledger (customer accounts) and post all the entries from the journals. B. prepare General ledger from the above journals.

Name: At the end of the of May, the sales journal of Horizons appears as fol
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Description: At the end of the of May, the sales journal of Horizons appears as follow:DateCustomers (debtors)Invoice No.Amount May 6101725SmithHarrisBuckHarris 3,8802,9401,8501,34031Total 10,010 Horizon also record the returns of some merchandise with the follo

Subsidiary ledger - It is an accounting ledger that shows the transaction and payment history of…

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College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 8E: Toby Company had the following sales transactions for March: Mar. 6Sold merchandise on account to...

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At the end of the of May, the sales journal of Horizons appears as follow:

Date	Customers (debtors)	Invoice No.	Amount
May 6 10 17 25	Smith Harris Buck Harris		3,880 2,940 1,850 1,340
31	Total		10,010

Horizon also record the returns of some merchandise with the following Sales Return Journal:

Date	Customers (debtors)	Invoice No.	Amount
May 9 May 20	Smith Harris		400 350
31	Total		750

Required:

A. Prepare an Account Receivable subsidiary ledger (customer accounts) and post all the entries from the journals.

B. prepare General ledger from the above journals.

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