The Sun Company Completed the Following Sales and Cash Receipts

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.
$$\begin{array}{|l|l|}\hline\text{Dec. 1}& \text{Sold merchandise for \$ 6,700 on credit to the Two Rivers Co., terms 2/10, n/30 .}\\&\text{Invoice no. 1455 . Cost of the merchandise sold is \$ 3,600 .}\\\hline\text{Dec. 1}&\text{ Sold merchandise for \$ 3,400 on credit to the Berlin Co., terms 2/10, n/30 . Invoice no. }\\&\text{ 1456. Cost of the merchandise sold is \$ 2,900 . }\\\hline\text{Dec. 2}&\text{ Sold merchandise for \$ 590 for cash to the Ellison Co. Invoice no. 1457. Cost of the }\\&\text{ merchandise sold is \$ 300. }\\\hline\text{Dec. 3}&\text { Borrowed } \$ 10,000 \text { from Custer Bank on a long-term note payable. }\\\hline\text{Dec. 3}&\text { Sold merchandise for } \$ 7,200 \text { on credit to the Amherst Co., terms } 2 / 10, \mathrm{n} / 30 \text {. Invoice }\\&\text { no. } 1458 \text {. Cost of the merchandise sold is } \$ 4,000\\\hline\text{Dec. 5}&\text { Received the amount due from the Two Rivers Co. from the sale on December } 1 .\\\hline\text{Dec. 6}&\text { Sold merchandise on credit for } \$ 950 \text { to the Waupaca Co., terms } 2 / 10, n / 30 \text {. Invoice }\\&\text { No. } 1459 .\\\hline\text{Dec. 6}&\text { Received the amount due from the Berlin Co. from the sale on December } 1 .\\\hline\end{array}$$
a.Use the sales journal and the cash receipts journal to record these transactions
b.Prepare a schedule of accounts receivable.There were no accounts receivable at December 1.
$$\begin{array}{l}\mathbf { Sales~ Journal }\\\begin{array} { | l | l | l | l | l | } \hline \text { Date } & \begin{array} { l } \text { Account } \\\text { Debited }\end{array} & \text { Invoice Number } & \text { PR } & \text { Accounts Receivable Dr. Sales Cr. } \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline\end{array}\end{array}$$
$$\begin{array}{l}\mathbf { Cash~ Receipts ~Journal }\\\begin{array} { | l | l | l | l | l | l | l | l | l |} \hline \text { Date } & \begin{array} { l } \text { Account } \\\text { Credited }\end{array} & \text { Explanation } & \text { PR } & \begin{array} { l } \text { Cash } \\\text { Dr. }\end{array} & \begin{array} { l } \text { Sales } \\\text { Discount }\\\text { Dr. }\end{array} & \begin{array} { l } \text { Accounts } \\\text { Receivable }\end{array} & \begin{array} { l } \text { Sales } \\\text { Cr. }\end{array} & \begin{array} { l } \text { Other } \\\text { Accounts Cr. }\end{array} \\\hline & & & & & & & & \\\hline & & & & & & & & \\\hline & & & & & & & & \\\hline & & & & & & & & \\\hline\end{array}\end{array}$$