Boyar Company posts its sales invoices directly and then binds them into a Sales Journal...

Boyar Company posts its sales invoices directly and then binds them into a Sales Journal. Boyar had the

following credit sales to these customers during June.

Required

1. Open an accounts receivable subsidiary ledger having a T-account for each customer. Post the invoices

to the subsidiary ledger.

2. Open an Accounts Receivable controlling T-account and a Sales T-account to reflect general ledger

accounts. Post the end-of-month total from the sales journal to these accounts.

3. Prepare a schedule of accounts receivable and prove that its total equals the Accounts Receivable

controlling account balance.