1, For each transaction, indicate in which journal it should be recorded.

• Sales Journal
• Cash Receipts Journal
• Purchases Journal
• Cash Payments Journal
• General Journal

Paid amount owing to a supplier.	Answer 1Choose...General JournalSales JournalPurchases JournalCash Payments JournalCash Receipts Journal
Received a utility bill, which will be paid later.	Answer 2Choose...General JournalSales JournalPurchases JournalCash Payments JournalCash Receipts Journal
Recorded adjustment for depreciation.	Answer 3Choose...General JournalSales JournalPurchases JournalCash Payments JournalCash Receipts Journal
Sold products for cash.	Answer 4Choose...General JournalSales JournalPurchases JournalCash Payments JournalCash Receipts Journal
Returned products to a supplier.	Answer 5Choose...General JournalSales JournalPurchases JournalCash Payments JournalCash Receipts Journal
Received a loan from the bank.	Answer 6Choose...General JournalSales JournalPurchases JournalCash Payments JournalCash Receipts Journal
Owner invested cash into the business.	Answer 7Choose...General JournalSales JournalPurchases JournalCash Payments JournalCash Receipts Journal
Owner withdrew cash from the business.	Answer 8Choose...General JournalSales JournalPurchases JournalCash Payments JournalCash Receipts Journal
Sold products on account	Answer 9Choose...General JournalSales JournalPurchases JournalCash Payments JournalCash Receipts Journal

2, Hidson Inc. is a small retailer. The following is a list of sales transactions for the month of February.

Feb 3	Made a sale on account (Invoice # 5606) to W. Wager for $790 (cost $593)
Feb 5	Made a sale on account (Invoice # 5607) to K. Washer for $1,220 (cost $955)
Feb 11	Made a sale on account (Invoice # 5608) to J. Depp for $940 (cost $769)
Feb 16	Made a sale on account (Invoice # 5609) to KC Inc. for $700 (cost $522)

Required

Record these transactions in the sales journal.

Do not enter dollar signs or commas in the input boxes.

Sales Journal	Page 5
Date	Account	Invoice #	Accounts Receivable / Sales (DR/CR)	COGS/Merchandise Inventory (DR/CR)
Feb 3	W. Wager	5606	$Answer	$Answer
Feb 5	K. Washer	5607	$Answer	$Answer
Feb 11	J. Depp	5608	$Answer	$Answer
Feb 16	KC Inc.	5609	$Answer	$Answer
		Total	$Answer	$Answer

3, Riya Cosmetics has provided you with the following information about the transactions the company had during the month of April.

Apr 5	Received $2,100 from a cash sale to Arms Inc. (cost $1,680).
Apr 9	Received $740 from Beauty Breeze for outstanding accounts receivable.
Apr 11	Received $600 for the cash sale of 5 facial scrubs (cost $540) to Europ Salon.
Apr 17	Received $158 in interest earned from Springfield Bank.
Apr 25	Took out a loan of $4,500 from the bank.

Required

Record these transactions in the cash receipts journal.

Do not enter dollar signs or commas in the input boxes.

Cash Receipts Journal	Page 5
Date	Account	Cash (DR)	Accounts Receivable (CR)	Sales (CR)	Interest Revenue (CR)	Other (CR)	COGS /Merchandise Inventory (DR/CR)
Apr 5	Cash Sale	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Apr 9	Beauty Breeze	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Apr 11	Europ Salon	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Apr 17	Springfield Bank	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Apr 25	Bank Loan	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
	Total	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer

4, Stocked Warehouse sells clothing to retailers. During the month of March 2022, the following transactions occurred. Assume zero opening balances for the subledger and general ledger accounts. Assume no entries were made directly to the accounts receivable general ledger from the general journal.

Mar 2	Sold inventory to Fashion House (Invoice #541) for $7,200 cash; the inventory had a cost of $3,086.
Mar 7	Received a loan from Victoria Bank for $9,000.
Mar 11	Sold inventory to Stella Lanes (Invoice #542) on account for $9,900; the inventory had a cost of $3,960.
Mar 15	Sold inventory to Wear Me (Invoice #543) for $9,900 on account; the inventory had a cost of $4,092.
Mar 24	Received full payment from Stella Lanes for the sale on March 11.
Mar 31	Received $57 of interest earned on a savings account.

Required a) Record the above transactions in the sales journal and the cash receipts journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts receivable control account. Do not enter dollar signs or commas in the input boxes.

Sales Journal	Page 1
Date	Account	Invoice #	Accounts Receivable / Sales (DR/CR)	COGS/Merchandise Inventory (DR/CR)
Mar 11	Stella Lanes	542	$Answer	$Answer
Mar 15	Wear Me	543	$Answer	$Answer
Mar 31	Total		$Answer	$Answer

Cash Receipts Journal	Page 1
Date	Account	Cash (DR)	Accounts Receivable (CR)	Sales (CR)	Bank Loan (CR)	Other (CR)	COGS/Merchandise Inventory (DR/CR)
Mar 2	Cash Sale	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Mar 7	Victoria Bank	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Mar 24	Stella Lanes	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Mar 31	Interest Revenue	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Mar 31	Total	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer

Account: Accounts Receivable	GL No. 110
Date	Description	DR	CR	Balance
Mar 31	Adjustment for sales	$Answer	$Answer	$Answer	AnswerDRCR
Mar 31	Adjustment for cash receipts	$Answer	$Answer	$Answer	AnswerDRCR

Account: Stella Lanes
Date	DR	CR	Balance
Mar 11	$Answer	$Answer	$Answer	AnswerDRCR
Mar 24	$Answer	$Answer	$Answer	AnswerDRCR

Account: Wear Me
Date	DR	CR	Balance
Mar 15	$Answer	$Answer	$Answer	AnswerDRCR

5, Ruiz Manufacturing sells flat-pack bookcases to retailers. The following transactions occurred during the month of July 2022. All sales on account come with terms of 4/15, net 60.

Jul 1	Received a loan from the bank for $19,000.
Jul 7	Sold products for cash to Ash Retailer for $8,100; the products had a cost of $4,455.
Jul 9	Sold products on account to Furniture Outlet for $10,800; the products had a cost of $6,480.
Jul 13	Furniture Outlet paid the amount owing from Jul 9.
Jul 21	Sold products on account to Ash Retailer for $6,500; the products had a cost of $3,575.

Required a) Record the above transactions in the sales journal and the cash receipts journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts receivable control account. Do not enter dollar signs or commas in the input boxes.

Sales Journal	Page 1
Date	Account	Invoice #	Accounts Receivable / Sales (DR/CR)	COGS/Merchandise Inventory (DR/CR)
Jul 9	Furniture Outlet		$Answer	$Answer
Jul 21	Ash Retailer		$Answer	$Answer
Jul 31	Total		$Answer	$Answer

Cash Receipts Journal	Page 1
Date	Account	Cash (DR)	Sales Discount (DR)	Accounts Receivable (CR)	Sales (CR)	Other (CR)	COGS/Merchandise Inventory (DR/CR)
Jul 1	Bank Loan	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Jul 7	Cash Sales	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Jul 13	Furniture Outlet	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer
Jul 31	Total	$Answer	$Answer	$Answer	$Answer	$Answer	$Answer

Account: Accounts Receivable	GL No. 110
Date	Description	DR	CR	Balance
Jul 31	Adjustment for sales	$Answer	$Answer	$Answer	AnswerDRCR
Jul 31	Adjustment for cash receipts	$Answer	$Answer	$Answer	AnswerDRCR

Account: Furniture Outlet
Date	DR	CR	Balance
Jul 9	$Answer	$Answer	$Answer	AnswerDRCR
Jul 13	$Answer	$Answer	$Answer	AnswerDRCR

Account: Ash Retailer
Date	DR	CR	Balance
Jul 21	$Answer	$Answer	$Answer	AnswerDRCR

6, K. Fen, a sports retailer, made the following purchases during the month of May.

May 3	Received a bill (Invoice # 109) from H. Evening for the purchase of 3 basketballs worth $99 each and 9 footballs worth $36 each.
May 4	Received a bill (Invoice # 119) from G. Smith for the purchase of 7 cricket bats worth $59 each, 5 pairs of ice skates worth $29 each and 4 rugby balls worth $29 each.
May 10	Received a bill (Invoice # 129) from M. Codd for the purchase of 9 cricket bats worth $49 each.
May 14	Received a bill (Invoice # 206) from N. Less for the purchase of 9 packages of golf balls at $36 each.

Required

Record these transactions in the purchases journal.

Do not enter dollar signs or commas in the input boxes.

Purchases Journal	Page 5
Date	Account	Invoice #	Merchandise Inventory (DR)	Accounts Payable (CR)
May 3	H. Evening	109	$Answer	$Answer
May 4	G. Smith	119	$Answer	$Answer
May 10	M. Codd	129	$Answer	$Answer
May 14	N. Less	206	$Answer	$Answer
	TOTAL		$Answer	$Answer

7, Regina Fillange has provided the following information relating to her activities in the month of November 2022.

Nov 3	Paid amount owing $770 (Invoice #1738) to JR Depot (Cheque #195).
Nov 6	Paid back loan of $650 to the bank (Cheque #196).
Nov 10	Paid $3,600 to Nektel Inc. for purchase of inventory (Cheque #197).
Nov 18	Received a telephone bill for $500 and paid the amount owing to CasTech Inc. (Cheque #198).
Nov 24	Paid $261 to SFC Inc. for general expenses (Cheque #199).

Required

Record these transactions in the cash payments journal.

Do not enter dollar signs or commas in the input boxes.

Cash Payments Journal	Page 7
Date	Account	Cheque #	Other (DR)	Merchandise Inventory (DR)	Accounts Payable (DR)	Cash (CR)
Nov 3	JR Depot	195	$Answer	$Answer	$Answer	$Answer
Nov 6	Bank Loan	196	$Answer	$Answer	$Answer	$Answer
Nov 10	Nektel Inc.	197	$Answer	$Answer	$Answer	$Answer
Nov 18	Telephone Expense	198	$Answer	$Answer	$Answer	$Answer
Nov 24	General Expense	199	$Answer	$Answer	$Answer	$Answer
	Total		$Answer	$Answer	$Answer	$Answer

8, Yard Clean Up sells landscaping materials. During the month of May 2022, the following transactions occurred. Assume zero opening balances for the subledger and general ledger accounts. Assume no entries were made directly to the accounts payable general ledger from the general journal.

May 4	Purchased office supplies for $640 on account from Max Office Supplies.
May 8	Purchased inventory for $1,190 cash from Rock Bottom with Cheque #745.
May 11	Paid telephone bill for $400 cash with Cheque #746.
May 17	Paid the amount owing to Max Office Supplies with Cheque #747.
May 23	Purchased inventory for $3,530 from Paving Stones on account.

Required a) Record the above transactions in the purchases journal and the cash payments journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts payable control account. Do not enter dollar signs or commas in the input boxes.

Purchases Journal	Page 6
Date	Account	Invoice	Merchandise Inventory (DR)	Office Supplies (DR)	Other (DR)	Accounts Payable (CR)
May 4	Max Office Supplies		$Answer	$Answer	$Answer	$Answer
May 23	Paving Stones		$Answer	$Answer	$Answer	$Answer
May 31	Total		$Answer	$Answer	$Answer	$Answer

Cash Payments Journal	Page 4
Date	Account	Cheque #	Accounts Payable (DR)	Other (DR)	Merchandise Inventory (DR)	Cash (CR)
May 8	Rock Bottom	Answer	$Answer	$Answer	$Answer	$Answer
May 11	Telephone Expense	Answer	$Answer	$Answer	$Answer	$Answer
May 17	Max Office Supplies	Answer	$Answer	$Answer	$Answer	$Answer
May 31	Total		$Answer	$Answer	$Answer	$Answer

Account: Accounts Payable	GL No. 200
Date	Description	DR	CR	Balance
May 31	Adjustment from purchases	$Answer	$Answer	$Answer	AnswerDRCR
May 31	Adjustment from cash payments	$Answer	$Answer	$Answer	AnswerDRCR

Account: Max Office Supplies
Date	DR	CR	Balance
May 4	$Answer	$Answer	$Answer	AnswerDRCR
May 17	$Answer	$Answer	$Answer	AnswerDRCR

Account: Paving Stones
Date	DR	CR	Balance
May 23	$Answer	$Answer	$Answer	AnswerDRCR

9, Put-A-Wrench-In-It sells hand tools. During the month of February 2022, the following transactions occurred. Assume zero opening balances for the subledger and general journal accounts. Assume no entries were made directly to the accounts payable general ledger from the general journal.

Feb 2	Purchased inventory for $7,010 on account from HouseDepot.
Feb 5	Paid salary for $2,490 with cheque #634.
Feb 9	Purchased inventory for $4,520 cash from Chester Inc. with cheque #635.
Feb 13	Paid the full amount owing to HouseDepot from the Feb 2 transaction with cheque #636.
Feb 20	Purchased inventory for $7,570 on account from Perfekt Inc.

Required a) Record the above transactions in the purchases journal and the cash payments journal. b) Post the appropriate transactions from the journals to the subledger accounts. c) At the end of the month, total the journals and update the accounts payable control account. Do not enter dollar signs or commas in the input boxes.

Purchases Journal	Page 6
Date	Account	Invoice	Merchandise Inventory (DR)	Supplies Expense (DR)	Other (DR)	Account Payable (CR)
Feb 2	HouseDepot		$Answer	$Answer	$Answer	$Answer
Feb 20	Perfekt Inc		$Answer	$Answer	$Answer	$Answer
Feb 28	Total		$Answer	$Answer	$Answer	$Answer

Cash Payments Journal	Page 4
Date	Account	Cheque #	Accounts Payable (DR)	Other (DR)	Merchandise Inventory (DR)	Cash (CR)
Feb 5	Salaries Expense	Answer	$Answer	$Answer	$Answer	$Answer
Feb 9	Chester Inc.	Answer	$Answer	$Answer	$Answer	$Answer
Feb 13	HouseDepot	Answer	$Answer	$Answer	$Answer	$Answer
Feb 28	Total		$Answer	$Answer	$Answer	$Answer

Account: Accounts Payable	GL No. 200
Date	Description	DR	CR	Balance
Feb 28	Adjustment from purchases	$Answer	$Answer	$Answer	AnswerDRCR
Feb 28	Adjustment from cash payments	$Answer	$Answer	$Answer	AnswerDRCR

Account: HouseDepot
Date	DR	CR	Balance
Feb 2	$Answer	$Answer	$Answer	AnswerDRCR
Feb 13	$Answer	$Answer	$Answer	AnswerDRCR

Account: Perfekt Inc
Date	DR	CR	Balance
Feb 20	$Answer	$Answer	$Answer	AnswerDRCR