Set A
9A-1. Kate Collins has opened Fontina and Stuff, a wholesale grocery and cheese company. The following transactions occurred in February:
201X
Feb.
1 Sold grocery merchandise to Fran Co. on account, $850, invoice no. 1.
4 Sold cheese merchandise to Groom Co. on account, $1,100, invoice no. 2.
Sold grocery merchandise to Dutch Co. on account, $1,100, invoice no. 3. Issued credit memorandum no. 1 to Fran Co. for $160 of grocery merchandise 10
returned due to spoilage.
Sold cheese merchandise to Groom Co. on account, $250, invoice no. 4.
15
19 Sold grocery merchandise to Dutch Co. on account, $650, invoice no. 5.
25
Sold cheese merchandise to Fran Co. on account, $700, invoice no. 6.
Required
1. Journalize the transactions.
2. Record to the accounts receivable subsidiary ledger and post to the gen- eral ledger as appropriate.
3. Prepare a schedule of accounts receivable for the end of February.
