The general ledger of Vasquez Supply Company includes the following accounts:

All credit sales are on the company's standard terms of \(2 / 10 \mathrm{n} / 30\). Transactions in February that affected sales and cash receipts were as follows:
Feb. 1 Sold inventory on credit to Ruth Lott, \(\$ 300\). Vasquez's cost of these goods was \(\$ 214\).
5 As an accommodation to another company, sold new equipment for its cost of \(\$ 770\), receiving cash in this amount.
6 Cash sales for the week totaled \(\$ 2,107\) (cost, \(\$ 1,362\) ).
8 Sold merchandise on account to McNair Co., \(\$ 2,830\) (cost \$1,789).
9 Sold land that cost \(\$ 22,000\) for cash of \(\$ 40,000\).
11 Sold goods on account to Nickerson Builders, \(\$ 6,099\) (cost \(\$ 3,853\) ).
11 Received cash from Ruth Lott in full settlement of her account receivable from February 1 .
13 Cash sales for the week were \(\$ 1,995\) (cost \(\$ 1,286\) ).
15 Sold inventory on credit to Montez and Montez, a partnership, \(\$ 800\) (cost, \$517).
18 Received inventory sold on February 8 to McNair Co. for \(\$ 120\). The goods we shipped were unsatisfactory. These goods cost Vasquez \(\$ 73\).
19 Sold merchandise on account to Nickerson Builders, \(\$ 3,900\) (cost, \$2,618).
20 Cash sales for the week were \(\$ 2,330\) (cost, \(\$ 1,574\) ).
21 Received \(\$ 1,200\) cash from McNair Co. in partial settlement of its account receivable. There was no discount.
22 Received cash from Montez and Montez for its account receivable from February 15.
22 Sold goods on account to Diamond Co., \(\$ 2,022\) (cost, \(\$ 1,325\) ).
25 Collected \(\$ 4,200\) on a note receivable, of which \(\$ 200\) was interest.
27 Cash sales for the week totaled \(\$ 2,970\) (cost, \(\$ 1,936\) ).
27 Sold inventory on account to Littleton Corporation, \(\$ 2,290\) (cost, \(\$ 1,434\) ).
28 Received goods sold on February 21 to Diamond Co. for \(\$ 680\). The goods were damaged in shipment. The salvage value of these goods was \(\$ 96\).
28 Received \(\$ 1,510\) cash on account from McNair Co. There was no discount.
\section*{Required}
1. Use the appropriate journal to record the above transactions in a sales journal (omit the Invoice No. column), a cash receipts journal, and a general journal. Vasquez records sales returns and allowances in the general journal.

2. Total each column of the cash receipts journal. Determine that the total debits equal the total credits.
3. Show how postings would be made from the journals by writing the account numbers and check marks in the appropriate places in the journals.

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Cash... 111 Accounts Receivable. Notes Receivable....... 112 115 Inventory.. 131 Equipment Land. 141 142 Sales Revenue..... 411 Sales Discounts. 412 Sales Returns and Allowances 413 Interest Revenue....... 417 Gain on Sale of Land. 418 Cost of Goods Sold......... 511