Sales and cash receipts journals The Sun Company completed the following sales and cash...

Sales and cash receipts journals

The Sun Company completed the following sales and cash receipts transactions during the first week of December. The Sun Company uses the periodic inventory system.

Required

a. Prepare headings for a sales journal like the one in Exhibit 11.6. Prepare headings for a cash receipts journal like the one in Exhibit 11.10. Journalize the transactions that should be recorded in the sales and cash receipts journals.

b. Prepare a schedule of accounts receivable as of December 31. There were no accounts receivable as of December 1.

Reference Exhibit 11.6 and Exhibit 11.10: