The C. R. Michaels Company sells candy wholesale, primarily to vending machine operators. Terms of sales on account are 2/10, n/30, BOB shipping point. The following transactions involving cash receipts and sales of merchandise took place in May of this year:

Instructions Check Figure 1 iJLi Total sales on account, $1,733 1. Journalize the transactions for May m the cash receipts journal and the sales journal.
2. Total and rule the journals.
3. Prove the equality of debit and credit totals.

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May 2 Received $686 cash from N. Roche in payment of April 23 invoice of $700 less cash discount. 5 Received $990 cash in payment of $900 note receivable and interest of $90. 8 Sold merchandise on account to G. Selleck, invoice no. 862, $420. 9 Received $784 in cash from D. Morton in payment of April 30 invoice of $800, less cash discount. 15 Received cash from G. Selleck in payment of invoice no. 862, less discount. 16 Cash sales for first half of May, $3,447. 19 Received $253 in cash from R. O. Huff in payment of April 14 invoice, no discount. 22 Sold merchandise on account to N. T. Jackson, invoice no. 887, $585. 25 Received $326 cash refund for return of defective equipment bought in April for cash. 28 Sold merchandise on account to M. E. Murray, invoice no. 910, $728. 31 Cash sales for the second half of May, $3,394.