The general ledger of Barton Springs Glass Company includes the following selected accounts, along with their account numbers:

All credit sales are on Barton Springs' standard terms or 2/10 n/30. Sales and cash receipts transactions in July were as follows:

Requirements 

1. Use the appropriate journal to record the preceding transactions in a sales journal (omit the Invoice No. column), a cash receipts journal, and a general journal. Barton Springs Glass Company records sales returns and allowances in the general journal.

2. Total each column of the sales journal and the cash receipts journal. Show that total debits equal total credits.

3. Show how postings would be made by writing the account numbers and check narks in the appropriate places in the journals.

Transcribed Image Text:

Cash 11 Equipment Accounts Receivable 12 Sales Revenue 18 41 Inventory 13 Sales Discounts Notes Receivable 15 Sales Returns and Allowances 43 Supplies 16 Cost of Goods Sold