Recording sales transactions, posting to the accounts receivable ledger, and preparing a s...

Recording sales transactions, posting to the accounts receivable ledger, and preparing a schedule of accounts receivable.

Bella Floral Designs is a wholesale shop that sells flowers, plants, and plant supplies. The transactions shown below took place during January.

INSTRUCTIONS

1. Record the transactions in the proper journal. Use 7 as the page number for the sales journal and 11 as the page number for the general journal.

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2. Immediately after recording each transaction, post to the accounts receivable ledger.

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3. Post the amounts from the general journal daily. Post the sales journal amount as a total at the end of the month.

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4. Prepare a schedule of accounts receivable. Compare the balance of the Accounts Receivable control account with the total of the schedule.

Analyze: Damaged goods decreased sales by what dollar amount? By what percentage amount?