Owens Distributors is a retail business. The following sales, returns, and cash receipts occurred during March 20--. There is an 8% sales tax. Beginning general ledger account balances were Cash, $9,741.00; and Accounts Receivable, $1,058.25. Beginning customer account balances included Thompson Group, $1,058.25.

Mar. 1 Sale on account No. 33C to Able & Co., $1,800 plus sales tax.

3 Sale on account No. 33D to R. J. Kalas, Inc., $2,240 plus sales tax.

5 Able & Co. returned merchandise from Sale No. 33C for a credit (Credit Memo No. 66), $30 plus sales tax.

7 Cash sales for the week were $3,160 plus sales tax.

10 Received payment from Able & Co. for Sale No. 33C less Credit Memo No. 66.

11 Sale on account No. 33E to Blevins Bakery, $1,210 plus sales tax.

13 Received payment from R. J. Kalas for Sale No. 33D.

14 Cash sales for the week were $4,200 plus sales tax.

16 Blevins Bakery returned merchandise from Sale No. 33E for a credit (Credit Memo No. 67), $44 plus sales tax.

18 Sale on account No. 33F to R. J. Kalas, Inc., $2,620 plus sales tax.

20 Received payment from Blevins Bakery for Sale No. 33E less Credit Memo No. 67.

21 Cash sales for the week were $2,400 plus sales tax.

25 Sale on account No. 33G to Blevins Bakery, $1,915 plus sales tax.

27 Sale on account No. 33H to Thompson Group, $2,016 plus sales tax.

28 Cash sales for the week were $3,500 plus sales tax.

REQUIRED

1. Record the transactions in a general journal.

2. Post from the journal to the general ledger and accounts receivable ledger accounts. Use account numbers as shown in the chapter.