1 Data table Number Account 11 Cash 12 Accounts Receivable 13 Notes Receivable 15 Merchandise Inventory 16 Office Supplies Number Account 18 Equipment 19 Land 41 Sales Revenue 51 Cost of Goods Sold Print Done Jul. 2 Jul. 3 Jul. 7 Jul. 9 Jul. 10 Jul. 11 Jul. 12 Jul. 14 Jul. 15 Sold merchandise inventory on credit, terms n/30, to Intelysis, Inc., $1,400 (cost, $250). Sold office supplies to an employee at cost, S95, receiving cash. Cash sales for the week totaled $2,100 (cost, $1,200). Sold merchandise inventory on account, terms n/30, to A. C. Malloy, $7,000 (cost, $5,110) Sold land that cost $11,000 for cash of the same amount. Sold merchandise inventory on account, terms n/30, to Sly Electric, 55,800 (cost, $3,200) Received cash from Intelysis in full settlement of its account receivable from July 2. Cash sales for the week were $2,680 (cost, $1,450). Sold merchandise inventory on credit, terms n/30, to the partnership of Westin & Baker, $3,600 (cost, $2,550). Sold merchandise inventory on account, terms n/30, to Sly Electric, 5600 (cost, $350). Cash sales for the week were $950 (cost, $660). Received $4,600 cash from A. C. Malloy in partial settlement of his account receivable. Received cash from Westin & Baker for its account receivable from July 15. Sold merchandise inventory on account, terms n/30, to Oggio Co., $1,540 (cost, 5950). Collected $5,700 on a note receivable. There was no interest earned. Cash sales for the week totaled $3,720 (cost, $2,490). Sold merchandise inventory on account, terms n/30, to R. J. Brett, $260 (cost, $160). Received $1,400 cash on account from A. C. Malloy. Jul. 20 Jul. 21 Jul. 22 Jul. 25 Jul. 25 Jul. 27 Jul. 28 Jul. 29 Jul. 31 Record the appropriate transactions in the cash receipts journal. (If a box is not used in the journal leave the box empty; do not select information and not enter a zero. Select "X" if the column total is not posted. Abbreviations used: Rec. = Receivables, Rev. = Revenue, Accts = Accounts, Inv. = Inventory) Cash Receipts Journal Page 1 Cost of Goods Sold DR Post. Accounts Sales Other Date Account Credited Ref. Cash DR Rec. CR Rev. CR Accts CR Merchandise Inv. CR Jul. Jul. 31 Totals Show how total debits equal total credits Total debits Total credits Cash receipts journal Assume Barton Springs Glass Company uses the perpetual inventory system. The general ledger of Barton Springs Glass Company includes the following selected accounts, along with their account numbers: 3(Click on the icon to view the accounts.) Sales and cash receipts transactions in July were as follows: (Click on the icon to view the transactions.) Read the requirements Requirement 1, 2, and 3. Use the appropriate journal to record the preceding transactions in a sales journal (omit the Invoice No. column) and a cash receipts journal omit the Sales Discounts Forfeited column). Total each column of the sales journal and the cash receipts journal. Show that total debits equal total credits. Show how postings would be made by entering the account numbers and check marks in the appropriate places in the journals. Begin with the sales journal. Enter the transactions and total the journal. (Assume all postings are made to the applicable ledgers. If a box is not used in the journal leave the box empty; do not select information and do not enter a zero.) Sales Journal Customer Post. Accounts Receivable DR Invoice No. Page 1 Cost of Goods Sold DR Merchandise Inventory CR Date Account Debited Ref. Sales Revenue CR Jul. Jul. 31 Totals Show how total debits equal total credits. Total debits = Total credits Sales journal