Refer to information in Exercise EB-14.

in Exercise EB-14

Feb. 1 Sold merchandise inventory on account, terms n/30, to Cole Co., $1,050.

Cost of goods, $860. Invoice no. 401.

6 Sold merchandise inventory for cash, $950 (cost, $750).

12 Collected interest revenue of $170.

15 Received cash from Cole Co. in full settlement of its account receivable.

20 Sold merchandise inventory on account, terms n/30, to Dump Co., issuing invoice no. 402 for $500 (cost, $325).

22 Sold merchandise inventory for cash, $600 (cost $530).

26 Sold office supplies to an employee for cash of $150.

28 Received $500 from Dump Co. in full settlement of its account receivable.

Requirements

1. Prepare headings for a cash receipts journal. Journalize the transactions that should be recorded in the cash receipts journal.

2. Total each column of the cash receipts journal.