Spindle Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occurred during the month of February 2020:

Required

On a sheet of notebook paper, draw a sales journal like the one that appears in Exhibit AII.8. Journalize the February transactions that should be recorded in the sales journal.

Exhibit AII.8

Transcribed Image Text:

Sold merchandise to S. Mayer for $450 cash, invoice #5703. Cost, $200. Purchased merchandise on credit from Camp Corp., $2,300. Sold merchandise to J. Eason for $1,150, terms 2/10, n/30, invoice #5704. Cost, $700. Borrowed $8,000 by giving a note to the bank. 12 Feb. Sold merchandise to P. Lathan for $320, terms n/30, invoice #5705. Cost, $170. 16 Received $1,127 from J. Eason to pay for the purchase of February 7. Sold used store equipment to Whiten Inc. for $900 cash. Sold merchandise to S. Summers for $550, terms n/30, invoice #5706. Cost, $300. 19 25