Enter each of the following invoices from Karen’s Delivery Service into a sales journal. Total the entries and place appropriate general ledger account numbers below to show where the total would be posted. There is no need to record any details to individual customer accounts. The company uses 120 as its general ledger account number for Accounts Receivable, and the Sales account number is 400. The Inventory account number is 115 and the Cost of Goods Sold account number is 502. Each sale carries terms of 2/10, n/30.
2023
May
4 Invoice No. 801: Sold $200 to Francine Company on account. Cost of inventory: $150.
7 Invoice No. 802: Sold $300 to Joshua Enterprises on account. Cost of inventory: $225.
13 Invoice No. 803: Sold $100 to Charlize Company on account. Cost of inventory: $75.
22 Invoice No. 804: Sold $350 to Francine Company on account. Cost of inventory: $262.50.
25 Invoice No. 805: Sold $400 to Kirkhouse Consulting on account. Cost of inventory: $300.
30 Invoice No. 806: Sold $250 to Charlize Company on account. Cost of inventory: $187.50.