Table 7-8 Nordin Avionics
J. Nordin Avionics began business on January 1, 2019. The business was started with $10,000 in the cash account and $30,000 of inventory in stock. Nordin uses a sales journal to record credit sales and a cash receipts journal to record all cash receipts, including both cash sales and cash collections of credit sales. At the end of January, the two journals appeared as follows:
Sales Journal

\begin{array}{|l|l|l|l|l|r|}\hline& & & &\text { Accts Rec } & \\\text { Date } & \text { Invoice \# } & \text { Customer } & \text { Post } & \text { DR } & \text { COGS DR/ } \\&&&\text { Ref. } & \text { Sales Rev CR } & \text { Inventory CR }\\\hline \text { Jan } 4 & 1000 & \text { Reed, A. } & & \$ 5,000 & \$ 4,100 \\\hline 6 & 1001 & \text { Charles, B. } & & 1,240 & 990 \\\hline 13 & 1002 & \text { Reed, A. } & & 3,200 & 2,800 \\\hline 20 & 1003 & \text { Williams, D. } & & 900 & 820 \\\hline 22 & 1004 & \text { Charles, B. } & & 5,100 & 4,600 \\\hline & & \text { Total } & & \$ 15,440 & \$ 13,310 \\\hline\end{array}

Cash Receipts Journal

\begin{array} { | r | r | r | r | r | r | r | } \hline \text { Date } & { \begin{array} { c } \text { Cash } \\\text { Debit }\end{array} } & \begin{array} { c } \text { Sales Revenue } \\\text { Credit }\end{array} & \begin{array} { c } \text { Accts. } \\\text { Rec. } \\\text { Credit }\end{array} & \text { Invoice \# } & \text { Customer } & \begin{array} { r } \text { COGS DR/ } \\\text { Inventory CR }\end{array} \\\hline \text { Jan 5 } & \$ 3,300 & \$ 3,300 & & & & \$ 2,700 \\\hline 10 & 5,000 & & \$ 5,000 & 1000 & \text { Reed, A. } & \\\hline 14 & 9,000 & 9,000 & & & & 8,000 \\\hline 18 & 1,240 & &1,240 & 1001& \text { Charles,B. } & \\\hline & \$ 18,540 & \$ 12,300 & \$ 6,240 & & & \$ 10,700 \\\hline\end{array}

-Refer to Table 7-8 at the end of January, what was the balance in accounts receivable?
A)$9,200
B)$14,200
C)$7,960
D)$8,000

The General Ledger Accounts Used When Posting the Sales Journal

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