Spindle Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal,

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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:

Sold merchandise to S. Mayer for $450 cash, invoice #5703. Cost, $200. Purchased merchandise on credit from Camp Corp.,


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

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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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