On a sheet of notebook paper, draw a cash receipts journal like the one in Exhibit AII.10

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On a sheet of notebook paper, draw a cash receipts journal like the one in Exhibit AII.10 and journalize the following March 2020 cash receipts transactions for Suttleton Company.

Mar. 18 Collected the amount owing regarding the $3,000 of merchandise sold to Tim Edson on March 3; terms 2/15, n/30; invoice #1103.

30 Willis Company paid for the $10,800 of merchandise purchased on March 10; terms 2/15, n/30; invoice #1104.

31 Sold $6,200 of merchandise to ABC Company for cash (cost $4,216).

Exhibit AII.10

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Fundamental Accounting Principles Volume I

ISBN: 978-1260305821

16th Canadian edition

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

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