1 More info Jul. 2 al each column of the sales journal and the cash receipts journal. Show that total debits equal total credits. Show ho Jul. 3 Jul. 7 o not enter a zero.) Jul. 9 -X Jul. 10 Data table Jul. 11 Jul. 12 Sold merchandise inventory on credit, terms n/30, to Intelimate, Inc., $1,600 (cost, $700). Sold office supplies to an employee at cost, $95, receiving cash. Cash sales for the week totaled $2,000 (cost, $1,300). Sold merchandise inventory on account, terms n/30, to A. C. Malloy, $7,300 (cost, $5,000). Sold land that cost $8,000 for cash of the same amount. Sold merchandise inventory on account, terms n/30, to Sly Electric, $5,800 (cost, $3,250). Received cash from Intelimate in full settlement of its account receivable from July 2. Cash sales for the week were $2,500 (cost, $1,400). Sold merchandise inventory on credit, terms n/30, to the partnership of West Bob $3.100 (cost, $2,350). $) Sold merchandise inventory on account, terms n/30, to Sly Electric, $650 (cost, $340). Cash sales for the week were $970 (cost, $600). Received $4,000 cash from A. C. Malloy in partial settlement of his account receivable. Received cash from West & Bob for its account receivable from July 15. Sold merchandise inventory on account, terms n/30, to Oggio Co., $1,590 (cost, $970). Collected $5,600 on a note receivable. There was no interest earned. Number Account 11 Cash Jul. 14 Number Account 18 Equipment 19 Land Jul. 15 12 Accounts Receivable Jul. 20 13 Notes Receivable 41 Sales Revenue Jul. 21 15 51 Cost of Goods Sold Merchandise Inventory Office Supplies 16 Jul. 22 Jul. 25 Jul. 25 Jul. 27 Print Done Jul. 28 Jul. 29 Cash sales for the week totaled $3,770 (cost, $2,440). Sold merchandise inventory on account, terms n/30, to R. L. Bennett, $220 (cost, $150). Received $2,700 cash on account from A. C. Malloy. Jul. 31 Print Done bbreviations usadRov Suced. Ber - Receivables Boy - Revenue Accte - Accounts Iny - Inventory - Assume Peaceful Springs Glass Company uses the perpetual inventory system. The general ledger of Peaceful Springs Glass Company includes the following selected accounts, along with their account numbers: 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 comit 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 Invoice Customer Post. Accounts Receivable DR Page 1 Cost of Goods Sold DR Merchandise Inventory CR Date No. Account Debited Ref. Sales Revenue CR Jul Jul. 31 Totals Show how total debits equal total credits. Total debits = Total credits Sales journal cord 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 do not enter a zero. Select "X" if the column total is not posted. Abbreviations used: Rec. = Receivables, Rev. = Revenue, Accts = Accounts, Inv. = Inventory) Post. Cash Receipts Journal Accounts Sales Cash DR Rec. CR Rev. CR Other Page 1 Cost of Goods Sold DR Merchandise Inv. CR Date Account Credited Ref. Accts CR 1. 1 31 Totals ow how total debits equal total credits. Total debits = Total credits ash receipts journal